Home Forums Hunting & Shooting Hunter's Campfire Are the banks holding our stimulus money?

The official release day for the stimulus checks is Wed, 3/17. Apparently the IRS has already sent money to some of the big banks for direct deposits. People are demanding to know why the banks haven't credited it to their accounts yet. I have no idea whether these comments are correct but they're interesting to read.

Anyone wondering why JPMorgan Chase and Wells Fargo are holding stimulus checks until March 17, look no further than this. Each bank makes around $5,000,000 per day on overdraft fees.

So Wells Fargo will be holding gov stimulus checks for 2 days before allowing people to access the funds. This let's Wells make interest off of ppl's cash. 67% of Wells' political donations went to Dems in 2020, including Dem PACs like Ameripac. Nice.

Stimmy Alert! We’ve already made ~$600M available to 250k members. These payments will be available at traditional banks on 3/17 but Chime members already have access and more is on the way. No reasons to wait till St. Pattys Day, at Chime you’re always lucky

So it's announced to be there on 3/17, government moved it to the banks so it's ready, and people are complaining that their free money isn't here early?

Banks have create a chance to "float money" more these digital days.

Used to be they made a fortune in holding checks and collecting $$ days before it was released.

Low interest rates and digital deposits have cut into them.

Could it be that .gov always pays on a Wednesday? Tax return always a Wednesday. Social Security always a Wednesday. Plus the fact that the sender can and does at times stipulate when the cash will be available. Nah, it’s a conspiracy.

The corruption feedback loop is not quite up to speed. They need to get Hunter on that ASAP.

Wish they'd never managed to pass the thing. Most of the money goes to democrat pet projects and favored people.

We don’t get stimulated, we get ejaculated, probably have to pay 7 or 8 large.

That was every year before I retired.

The Banks are probably afraid the checks will bounce!

Would you cash a check from an organization that was $28T in debt?



Jerry

I object to the premise of "somebody's holding MY money."

It ain't your money. People are getting damned entitled.

"Where's my check???" GMAFB.

Actually,it is your money.Do you think the Government has any money of it own?

First Horizon Bank in Tennessee has had the money deposited into their system, but the branch manager her in Chattanooga told me this morning, that they were not going to release the funds into individual accounts until the 17th. I said, so your bank is going to make money on my money for three days before giving it to me. He just said no "comment." So yes, they are using our money.

It's not my money. It's "our" money. And a lot of it is going to people who haven't been hurt by the shutdowns.

can ya wait til el banko buys/sells some crypto before they give ya the $$? LOL

Reminds me of the WV My Checks: My Check come in yet? That was before the EBT gold cards.

They're not holding your money. Their holding mine, and giving it to you.

biden is already talking tax increase to pay for it

My kids already have theirs.

Good month to buy stock in the makers of Narcan?

Desperate for that "free" money?