Many Americans have yet to receive the second stimulus (more than 8 million, to be precise). Though details of the situation are somewhat unclear, here are some articles that should shine more light on a possible reason your check has not hit your account yet.
The Treasury Department is mailing out paper checks and will begin issuing Economic Impact Payment (EIP) Visa debit cards. Those who recieved a debit card for the first round will not have the first debit card reloaded.
The Treasury stated some may recieve a debit card for the second payment who formerly recieved a paper check, and vice versa. They did not provide a reason for this change.
They have until January 15 to deliver all payments; after that, eligible taxpayers who have not received their payment will need to claim it on their 2020 tax returns.
Full article by Alicia Adamczyk here: Stimulus Debit Cards
Similar article by Sarah Hansen here: Stimulus Debit Cards article 2
Customers who paid for their tax prep services using their 2019 refund are experiencing an issue: Some new stimulus payments were sent by the IRS to an unfamiliar bank account, according to some using the IRS Get My Payment tool. The two tax prep services create temporary "pass-through" accounts to which customers no longer have access.
H&R Block stated on Twitter Monday that the error would be fixed by the end of the day, but as of Tuesday afternoon many customers still had not recieved their payments.
A representative from the IRS tells CNBC Make It that taxpayers will not receive a second stimulus check if the Get My Payment tool shows “Payment Status #2 – Not Available.” If you receive this message and don’t receive a payment, the agency says to claim a Recovery Rebate Credit on your 2020 tax return.
Full article by Alicia Adamczyk here: Stimulus Check H&R Block and TurboTax