August 20, 2021
Note: We know the importance of the stimulus payments and Advance Child Tax Credit to our customers, and Wells Fargo is making these funds available immediately when they are made available to us. This includes direct deposit payments from the U.S. Treasury, state and local governments. Some state and local governments have passed their own stimulus bills in addition to the American Rescue Plan Act of 2021. Please check your state or local government websites for more information about eligibility, payment details and timing of those specific stimulus programs.
If you have questions about the Advance Child Tax Credit for 2021, please check the IRS website for additional information.
We will update this page as new information becomes available.
The American Rescue Plan, signed into law in March 2021, made important changes to the Child Tax Credit (CTC) for most taxpayers in 2021. The American Rescue Plan directs the IRS to make advance monthly payments of half the estimated annual CTC from July through December of 2021.
Please check the IRS website for information about advance Child Tax Credit amounts.
To see if you’re eligible for advance payments, use the Advance Child Tax Credit Eligibility Assistant.
If you’re eligible to receive a payment, you will receive the funds in one of these ways:
The IRS will disburse the monthly payments on or around the 15th of each month, starting on July 15, 2021. The advance CTC payments will end in December 2021. If you are scheduled to receive a paper check it will take longer to receive your payment each month.
If you do not want to get advance payments of the Child Tax Credit, you can unenroll via the IRS’s Child Tax Credit Update Portal.
As part of the American Rescue Plan Act of 2021, the federal government is providing stimulus payments to eligible recipients.
Please note: Eligibility criteria outlined in the American Rescue Plan Act of 2021 differs from prior rounds of stimulus payments. Wells Fargo does not have the ability to determine whether you qualify. Your eligibility is determined by the government. To learn more about eligibility and payment amounts, visit IRS.gov/coronavirus.
If you’re eligible to receive a payment, you will receive the funds in one of these ways:
Once the IRS begins to distribute payments, the IRS's Get MY Payment tool will be updated to reflect direct deposit or mailed payment date. The IRS is expected to update the payment status regularly.
Wells Fargo has processed all of the direct deposits we received from the IRS and U.S. Treasury for stimulus payments to date. If the payments are received for closed accounts or accounts with invalid account numbers, those stimulus payments are returned to the U.S. Treasury. The IRS’s Get My Payment tool will be updated to reflect direct deposit or mailed payment date. The IRS is expected to update the payment status regularly.
The U.S. Treasury has indicated that payments will be distributed in multiple phases and could take several weeks to distribute, so not everyone will receive payments at the same time.
We will provide more detail on direct deposit, check and prepaid card delivery once the U.S. Treasury provides further guidance.
You can check on the status of your stimulus payment using the IRS’s Get My Payment tool.
If you have not received your stimulus payment or have questions about these payments, please check the IRS’s website for updated information.
Please note that Wells Fargo branch and call center staff do not have access to any additional information regarding if or when customers will receive a check or prepaid debit card.
Visit irs.gov/coronavirus for the latest information.
If you’re eligible for a payment, and the account the U.S. Treasury directed your payment to was closed prior to the date the funds were received, Wells Fargo has returned the funds to the U.S. Treasury and they may redirect funds to you via check to the address they have on file for you.
The method and timing of payment is dependent on the U.S. Treasury, and other options for delivery of these funds have not been provided. According to the IRS, the Get My Payment tool will be updated to reflect the date your payment will be mailed. Once a payment is mailed, the IRS reports it may take up to 14 days for you to receive it.
Visit irs.gov/coronavirus for the latest information.
Wells Fargo customers can make a mobile deposit2 using the Wells Fargo Mobile® app or make a deposit at an ATM. Keep in mind, mobile deposits are subject to daily and 30-day rolling mobile deposit limits.
Learn more about mobile deposit.
Because of higher stimulus payment amounts expected under the American Rescue Plan Act, some checks may exceed your mobile deposit limits. To check your daily and 30-day rolling mobile deposit limits for each eligible consumer and business account
If you are unable to use mobile deposit, you may still visit a Wells Fargo ATM to deposit your check.
In most cases, deposited stimulus funds are available right away, up to $2500. Immediate availability of funds is subject to change at any time, without advance notice. Check your ATM receipt or mobile deposit confirmation screen to see when you will have access to your deposit.
Some customers may be eligible for a Recovery Rebate Credit if they did not receive any Economic Impact Payments or got less than the full amount they were eligible for in the previous two rounds of stimulus payments. Please visit the IRS’s website at https://www.irs.gov/newsroom/recovery-rebate-credit for more details.
Beware of scammers impersonating a government agency or your bank. They may contact you to confirm your personal or financial information in order to receive or expedite your stimulus payment.
To avoid these scams:
Learn how to spot IRS imposter scams.
Our bankers in the branches and call centers will not have access to your individual status of whether you will receive a check, or where your payment is in process.
Due to social distancing and the upcoming stimulus payments, wait times in branches may increase. We encourage you to use the Wells Fargo Mobile app and/or our ATMs as a first choice for accessing account information or making deposits.
For many of your banking needs, the mobile app and online banking are the fastest and most convenient way to bank, 24/7. Enroll today with an eligible account and you can:
IRS tool guidance: If you have more questions about your stimulus payment status, visit the IRS tool guidance page.
Wells Fargo Bank, N.A. Member FDIC.
You are leaving wellsfargo.com and entering a website that Wells Fargo does not control. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security of this website.
