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Coronavirus relief checks could reportedly take up to 5 months to arrive without direct deposit, according to a leaked memo

Apr 3, 2020, 01:25 IST
  • Americans who don't have direct deposit set up with the federal government could have to wait for up to five months to get their coronavirus relief checks, according to a report by NBC News.
  • The payments for people with direct deposit will be received around mid-April, the report said.
  • For people without direct deposit, paper checks will start being issued in early May - with lower income individuals being prioritized - and it could take around 20 weeks to issue all of the checks, the report said.
  • Visit Business Insider's homepage for more stories.

Americans who haven't set up direct deposit with the federal government could have to wait for up to 5 months to get their coronavirus relief checks, according to a report by NBC News' Kasie Hunt and Alex Moe.

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Payments to people who have set up direct deposit, usually through federal tax filings, could receive their payments in mid-April, according to a Congressional memo cited in the report. Around 60 million people would receive checks then, the report said.

In early May, the IRS will send out paper checks to those without direct deposit, and it could take around 20 weeks to issue all of the checks, the report said. Those with lower incomes will reportedly be prioritized, and those on Social Security will receive their payments as they would their social security checks.

Paper checks will be sent to their "last known address," and people who have moved since their last tax filing should notify the IRS of the change in address.

Individuals making $75,000 or less can expect to receive the full $1,200 payment, while the payment decreases for people with salaries above that amount. Individuals making $99,000 or more won't receive any money.

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To calculate exactly how much you can expect to receive - click here.

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