Customers With JPMorgan Chase And Wells Fargo Are Upset Because They Haven’t Received Their Stimulus Check

JPMorgan Chase and Wells Fargo are dealing with upset customers questioning when their stimmy will drop in their bank accounts.

The $1,400 check is finally on its way, but some will have to wait a little bit longer than others – depending on their bank. While payments started being deposited into accounts this weekend, the official payment date isn’t until March 17.

Wells Fargo and JPMorgan Chase are trying to calm down customers who are upset that they have yet to get their money. Wells Fargo says that it “is not holding the funds” and that it will have the money in customers’ accounts as soon as possible. However, some banks are going ahead and crediting the funds into accounts instead of waiting on the settlement money.

CBS News reports that Nacha, the organization that manages the electronic transfers, said the IRS established March 17 as the settlement date. It added that there is “no mystery” behind the money and why it hasn’t made it to some bank accounts yet.

“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.”