Wells Fargo Under Fire For Withholding Stimulus Checks Until Next Week

Some Americans are patiently awaiting the arrival of their stimulus checks/direct deposits this weekend, but those who bank with Wells Fargo will have to wait an additional few days to see theirs in their accounts.

President Joe Biden’s signature was the last stop the $1.9 trillion American Rescue Plan had to make before it was officially implemented, which happened last week. The IRS has been working fast to get those $1,400 stimulus checks out, as well as process 2020 tax returns.

The internet has been taking jabs at Wells Fargo since its announcement of a Wednesday, March 17 deposit. Customers are upset and concerned as to why they can’t receive their money as soon as it’s available.

They’re doing shady stuff. They say the 17th but the “effective” date is not the 17. Most banks are already processing the checks. So clearly it’s already “effective”. Wells Fargo should be held accountable for this, and not let off easy again... pic.twitter.com/79D18xOdh7
— Amity The Doguin (@GoddamityDoguin) March 13, 2021

Biden: “you can get the stimulus direct deposit as soon as this weekend”

Wells Fargo & Chase: pic.twitter.com/ZE1eTn1Nif
— Maria M Brittof (@MariaBrittof) March 13, 2021

Biden Bucks & Kamala Kash trying to give me my #Stimmy Stimulus

Meanwhile Wells Fargo and Chase like: pic.twitter.com/Zjtp4ZTW1J
— GH🇵🇷 (@GH787x) March 13, 2021

Many customers have replied to Wells Fargo’s Twitter announcement with their frustrations and the account has replied to a few with the link they can follow for more information.

Customers who are eligible to receive direct deposit of their stimulus payment may expect it as soon as March 17, 2021. https://t.co/ujd9oUUWmP
— Wells Fargo (@WellsFargo) March 12, 2021

It leads to a frequently asked questions page and has another link that takes customers directly to the IRS site with more specific information about the stimulus.

Those who bank with Chase or Navy Federal are in the same boat and are also having to wait until at least Wednesday to see the money in their account balance.