Da Lair V

[Lotto123]

Chase and Wells... will take your stimulus.$ and flip it for billions... them you may get some..lolzzz

The IRS is now starting to distribute the third round of stimulus checks, worth up to $1,400 per eligible adult and child. But the timing of getting a check may depend partly on a bank's policies, with some customers of JPMorgan Chase and Wells Fargo expressing frustration after the banks said the coronavirus relief payments won't be available until March 17. 
The reason, the banks say, is due to an issue outside their control. Although the IRS started issuing payments over the weekend, the official payment date isn't until March 17, Wells Fargo and JPMorgan Chase told CBS MoneyWatch. Wells Fargo added that it "is not holding the funds" and that it will deposit the money into accounts as soon as possible. 

Yet other banks are crediting the funds to customer accounts immediately. Current, a New York-based banking startup, is using its own balance sheet to credit the funds rather than waiting for settlement. Some of its customers received access to their stimulus funds on March 12, a day after President Joe Biden signed the $1.9 trillion bill into law. 

The organization that manages electronic transfers said on Monday that the IRS set the settlement date of March 17, and added that there is "no mystery" about where the money is. "It is still with the government," Nacha, the organization that governs the ACH Network, told CBS MoneyWatch in a statement. 
"This is the date on which the IRS will provide the funds to the banks and credit unions to further make available to recipients," Nacha said in the statement. "The Nacha Rules require the banks and credit unions to make the funds available to the account holders by 9:00 a.m. local time on the settlement date; again, in this case, March 17."
It added, "The IRS chose the date of March 17, which is the date on which the IRS intends for settlement to occur." It added that the payments should clear into accounts at 8:30 a.m. ET on March 17.