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Wells Fargo, JPMorgan See Ire Over Timing of Stimulus Checks

  • Customers unhappy with word funds won’t arrive until March 17
  • Social media flooded with complaints as banks cite guidelines
Bloomberg business news
WATCH: A third round of direct stimulus payments will entail more than $410 billion in cash transfers to low- and middle-income American households.(Source: Quicktake)
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Wells Fargo & Co. and JPMorgan Chase & Co. told customers they might not receive their stimulus money until Wednesday at the earliest, sparking backlash from consumers who were hoping to see the cash hit their accounts sooner.

U.S. consumers have been eager to receive their $1,400 payments after President Joe Biden signed into law a third round of direct stimulus transfers in less than a year. The Internal Revenue Service has said while the official payment date is Wednesday, it’s begun sending the money.