Update: As of Oct 2022, the 4th stimulus check is going to be sent by 18 states as a response to record inflation. Read more here.
The stimulus package has been passed and many Americans will receive a boost to their income in April. If you meet the criteria set forth, you can receive at least $1200. But the question is; where will you receive this money? Most of the money will be directly deposited to accounts tied to your last tax filing. But many members in our communities don’t have bank accounts. Whether it be from previous issues with a bank account you had. May it be mistrust, or a myriad of things, many in our community don’t have access to safe accounts.
This means many people will receive paper checks and take them to an expensive check casher to get their money. This doesn’t have to be the case! There are many financial institutions that provide bank accounts to people even if they owe another bank some money. Aside from any previous bad experiences, the bank or credit union is the best, safest, and cheapest place for you to keep your money and conduct financial business.
Click the links below to find out the stimulus criteria and banks and credit unions that can help you keep your money in your pocket. In addition, I have attached the BankOn Seattle-King County grid that will give you the list of banks in the state that can provide safe banking opportunities with their individual requirements.
List of Financial Institutions
P.S. There are still no discussions of 4th stimulus check in Washington.
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