Wednesday, December 1, 2021

Indiana Man Checking on His Stimulus Check Finds Over $8M in Bank Account

hundred dollar bills
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*An Indiana Volunteer firefighter checking for his stimulus check was surprised to find over $8 million in his bank account.

Charles Calvin went to the ATM to withdraw $200 from his checking account and when he glanced at his receipt, he saw he had an $8.2 million balance, WGN 9 reports.

Calvin was expecting a $1,700 check from the coronavirus stimulus bill. When he called his bank to inquire about his account balance, they confirmed that his $1,700 stimulus payment had gone through. But by the time they investigated his newfound millions, the money was gone.

“It kind of sucks,” he told WGN 9. “You go from being a millionaire one second then back to being broke again. But hey, once you’re poor you don’t have anywhere else to go but up.”

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Congress approved $2.2 trillion in aid last month that will combat the devastating financial impact of coronavirus.

As part of the economic relief package, taxpaying Americans will receive direct deposit payments of up to $1,200 or more. 

“This is a very unique situation in this economy,” Treasury Secretary Steven Mnuchin told reporters about the stimulus package. “This is a combination of loans. This is a combination of direct checks to individuals. This is a combination of creating liquidity for small businesses.”

The IRS has deposited the first wave of stimulus checks to Americans who have filed tax returns for 2018 or 2019 and authorized direct deposits, as well as loans to businesses. 

“#IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today. We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can,” the IRS wrote Saturday evening on Twitter.

According to CNN, deposits for people who haven’t filed returns, authorized direct deposits, or receive Social Security, will probably have to wait weeks or months before seeing their money.
Ny MaGee
Ny MaGee is a screenwriter and freelance reporter from Chicago -- currently living in Los Angeles and covering A-list entertainment for various outlets, including She has worked for: Miramax, MTV & VH1, The Jim Henson Company, Hallmark Channel, Paramount Pictures, and for iconic indie film producer Roger Corman.



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