The Child Tax Credit (CTC) payment will be mailed out in the coming days, making this the third such check issued by the IRS. Can I get the deposit on my Wells Fargo bank account?
Child Tax Credit & Wells Fargo
Yes, Wells Fargo accepts Child Tax deposits.
The financial services company said they will make the funds available immediately when it’s been disbursed to them.
“This includes direct deposit payments from the U.S. Treasury, state and local governments. ” Wells Fargo said. “Some state and local governments have passed their own stimulus bills in addition to the American Rescue Plan Act of 2021. “.
The payment for this month will be issued on September 15. Because of the American Rescue Plan, which was enacted in March, advance payments will continue next month and through the end of the year.
Democratic lawmakers want to extend the advance credit until 2025.
GSS2 Stimulus Update: Chase, Wells Fargo Deposit Confirmed
Some people using Chase and Wells Fargo bank account have started to receive their golden state (GSS2) Stimulus payment.
The first payment was made on August 27 and consisted of 354 million dollars divided among 600,000 payments. Some Californians are already receiving the next round of payments.
“GSS II deposited this morning. Wells Fargo checking in.” A reddit user wrote alongside a screenshot of his payment on his bank account.
“Chase confirmed,” Another Reddit user wrote with a picture of the payment on a Chase bank account.
GSS2 Stimulus delay
The state of California have warned that some of the payments might be delayed as they “may need more review depending on the situation or information we have.”
“This could include address changes, bank account changes, etc,”.
These stimulus check payments are part of the state of California’s recently passed $100 billion budget, with governor Gavin Newsom claiming that the money is there to help those who have faced financial difficulties as a result of the pandemic.
The second round of these Golden State Stimulus payments is there to help low-income parents and self-employed workers.