Coronavirus stimulus payments from $US1.9 trillion Biden relief package to hit US bank accounts this weekend

Americans will see the first direct deposits from President Joe Biden’s $US1.9 trillion ($2.5 trillion) COVID-19 relief package hit their bank accounts this weekend, according to Treasury and Internal Revenue Service (IRS) officials.

A first tranche of $US1,400 ($1,800) stimulus payments was processed on Friday.

Additional large batches of payments will be sent via direct deposits or through the mail as cheques or debit cards in coming weeks, the officials said.

It means a family of four earning up to $US150,000 ($193,000) will receive $US5,600 ($7,200).

Mr…