Washington (CNN) Americans can expect to start seeing $600 in their bank accounts immediately as the federal government's second round of stimulus payments is being sent out, the Treasury Department and the Internal Revenue Service said. The direct deposits will continue into next week, while paper checks will be mailed out beginning Wednesday. Treasury Secretary Steven Mnuchin on Tuesday said that the Treasury and the IRS are working with "unprecedented speed" to issue the second round of payments. The $600 is half of what Americans received in the first round of stimulus payments Congress approved back in March. An individual's most recent tax returns determines their eligibility for the stimulus payment.

Source: CNN December 30, 2020 15:22 UTC