Joe Biden signed the American Rescue Plan

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The next batch of stimulus checks will be deposited into some bank accounts this weekend, the White House said Thursday.

“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend,” White House press secretary Jen Psaki said at a news briefing after President Joe Biden signed the American Rescue Plan into law on Thursday afternoon.

Psaki said that the checks are “the first wave” and they will continue to flow over “the next several weeks.”

The majority of recipients will get a direct payment of up to $1,400. Married couples who make under $150,000 will receive $2,800. Higher earners will see payments phase out and then cut off above certain incomes. Parents who meet income eligibility requirements will get $1,400 per dependent.

Some families who meet income requirements with two parents and two kids could see a payment for $5,600 in their bank account by Sunday.

The first to receive their economic impact payment will be people who have direct deposit information on file with the IRS, typically done when taxes are filed.

“I believe this is, and most people do as well, historic legislation that is about rebuilding the backbone of this country, giving people who built this country a fighting chance,” Biden said moments before signing the bill.

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