The IRS has begun sending the money for the latest stimulus checks, many potential recipients aren’t yet seeing the cash. And they’re not happy.

The customers, primarily from JPMorgan Chase and Wells Fargo, are expecting the checks – up to $1,400 per eligible adult and child – but bank policies are getting in the way.

The National Automated Clearing House Association or “Nacha” said direct deposits can use an “effective date” — either one or two banking days in the future. 

“It is up to the sender — in this case the IRS — to decide when it wants the money to be made available. The IRS chose the date of March 17,” Nacha said. 

Wells Fargo told CBS Marketwatch that it “is not holding the funds” and would deposit the money as soon as possible.

Some have already received checks because some banks act on the knowledge that the money is landing soon.

 Current, a New York-based banking startup, is using its own balance sheet to credit the funds rather than waiting for settlement. 

Wells Fargo told customers to wait until March 17 but said it would waive any fees its customers accrue because of negative balances.

And Chase confirmed that, because it doesn’t actually have the money, it’s not earning interest.

It seems it’s a federal government problem.

“Right now, the banks know the information was transmitted. The banks know who gets the money. The money is in transit,” said Aaron Klein, senior fellow at the Brookings Institution, in an story.

Klein, who was the Treasury Department’s deputy assistant secretary for economic policy from 2009-12, blames clogs in the delivery process.

“In America, Amazon can get anything in the world physically to your door in under 48 hours. It takes Uncle Sam six days to get digital money in your bank account,” he said.

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