Okay, what is going on? You guys welcome back to another video. So why are some people seeing their stimulus checks coming in and others aren't what's going on? Am I getting discriminated out here? Does the government like them better? Is it because I didn't pay off that speeding ticket back in? Oh it like? What's the reason, why are some people seeing it why? Why am I not it's? It's driving some people crazy! What we're gon na do in today's video is go over the answer to that exact question and I'm gon na share with you guys exactly why this is happening. So after I posted my video yesterday, I saw a lot more comments of people saying yo Brian. I just checked my bank account and I'm seeing this $ 1200 pending or I'm seeing this $ 1200 full amount.

Actually, in my account - and it's pretty funny to me - because there are so many other comments responding to that where people saying oh you're, fake you're lying - this is the bot. This is the bot. This is a very smart artificially like a powered bot. This is the most smartest spot ever and he's just lying to everyone.

I mean, regardless of how many videos we post out there are always gon na, be a small minority people that just don't believe that this is happening like this is not a thing, but for the people that do believe a $ 1,200 stimulus check is actually coming In here's what you guys need to know you know I spent the entire day doing some research trying to figure out if there's any particular order of the way people are getting these checks a little bit faster or not. You know some people are theorizing like if you live in a certain state or if you are a certain age or if you make a certain amount of money like you're gon na get this check way faster than someone else, but that doesn't seem to be the Case, I actually don't see any type of correlation regarding age, demographic where you live with regards to how fast you're gon na see this check. But I do know there is one factor that actually decides how fast you'll get this check and that's gon na be who you bank, with or what financial institution you are with now. We're gon na do just like a quick lesson on financial institutions and what you guys need to know.

I'm gon na categorize this into three different financial institutions. We have your traditional og banks. This is like JP Morgan. This is like HSBC like like.

We got the OGIS up in here, but we also have other banks here. We're gon na call these neo banks and we're gon na call. These credit unions too. So most people know the difference between these three.

But if you guys, don't I'm just gon na do a very quick lesson. The way I see it, credit unions are really more for the people. If you guys have ever gone into a credit union, you'll notice that sometimes interest rates will actually be lower with them compared to your traditional bank. They usually have pretty good customer support.

You have a better one-on-one relationship if you guys have a lot of money like you're, balling out millions and millions of dollars our net worth. Obviously, a big bank is gon na work with you and treat the same, but if you don't make that much money, I've often found that credit unions do have a better relationship with their consumers. Now this is gon na be dependent on where you go, your location and a ton of other factors, but I just see it as credit unions really work for the people as where the banks are really just working for themselves. So when we're talking about Neo banks, these are like the new boys on the block.

These aren't, like your traditional banks, they're actually more on the Digital side, so you're not gon na, really see any neo banks in person. You're, not gon na see any neo banks pop up in your neighborhood Street neo. Banks are generally on the online side. So if you guys have your phone, you have an app you'll, see apps like so fie checking, which is one we have chime.

We have other neo banks are coming up just because it's a lot easier to work on a digital level than to walk into a bank wait in line trying to cash in all your checks and go through that process. When, in today's day of age, you can just take a picture of a cheque submit that online and almost instantly, you can see that amount in your account. So Neil Banks definitely have their advantages because they don't have to pay rent on real estate on brick-and-mortar space. They often can allocate their money towards things like customer support or better technology or optimizing the UI aka, the user interface.

So you know we're not gon na do a whole comparison on these type of three institutions, but what you guys need to know is this big banks right now seems to be taking the longest and processing these checks, and what I'm seeing online is that these neo Banks and these banks that are actually just on the Digital side. They are fronting their money for their consumers, so they can get this cheque faster. Now. What this really means is that the government has said: look: okay, Billy.

We know the money's come in and we're sending you the money, here's 2 billion dollars that you can send to your consumers that are all gon na get their $ 1200 check now, because the Neo banks are like alright, we know this money is coming in. Why don't we just front this amount and give this amount a little bit quicker to our consumers? So they don't have to wait the full 5 days for it to process. Let's just give them our money now and we know we're gon na get our money back from the government, so everyone wins now. The reason why I brought credit union up into the conversation to is because they are doing something similar to Neil banks, but they're not fronting it they're actually, processing these checks a lot quicker.

So if you guys are someone with a very reputable credit union, a good example is Navy Federal. They are actually processing this a little bit quicker. They are showing their consumers that they have a pending transaction and I'm not surprised that a credit union like Navy Federal is able to do that. For anyone who doesn't know Navy Federal is pretty difficult to get into if you're, not in the military or, if you don't have any military, family members and they're known to have one of the best customer support best relationship with our consumers and they offer very competitive Rates on like mortgages and auto loans, so if you guys are ever trying to get a home or a car and they're saying you got to pay five to ten percent interest with us at a big bank, you can find yourself going to a credit union or Something like Navy Federal and they will offer you a more competitive rate so now that we know a little bit more history on that.

We have our brief. Why our Neo banks at wire credit unions, processing this a little bit more faster than traditional banks, are well. Here's the thing if we go back to the first thing I mentioned these newer companies are really trying to work for the people. Credit unions have always been trying to work for the people, and one of the best ways to help out the people right now is to give them their money that they need a little bit quicker.

Now this shouldn't be any type of new revelation going on, just because, during this whole pandemic, we've seen other big banks really step in donate millions and millions of dollars to funds where it actually helps people and provide different types of relief. Now I know someone like clear value: tax is gon na say this is all just remark inning, because now we're talking about these banks, it's a marketing ploy. Now they have me mentioning it see it's working, good job, good job guys and yes, yes, I do agree to a point that this is for a marketing standpoint, but I also do believe that they are just trying to help out people during these times. Look, I get it whenever we talk about these institutions they're getting their free word out there, and now that people know who chime Bank is, and I personally never knew who they were before people may sign up for them now hearing that they are doing this, but Regardless of what their real intentions are, people are still getting their money, a lot quicker than they realized and people are getting it now and that seemed to have been the biggest question that I've been seeing on.

My channel people are lying, people are not actually getting their money these this. This right here is facts with chyme coming out with a blog that they posted yeah sterday. This is actual solid facts right now that they are giving out their money, and people are not lying about the 12-inch dollar stimulus check coming in. So what does this mean for the rest of us? If you guys have not yet received your money, it means it is coming.

This money is real. This is, this is solid facts. Money is coming and because these banks are fronting it now, we know that it is in the process and it is circulating. We just have to be a little bit more patient.

I've said this time and time again on my videos. They are ahead of time on their scheduling for the money that is supposed to come out. It is April 11th on the time of this recording and they actually had projected that this come out on April 15th. So if you guys really take into consideration, banks are still very early in moving this money.

I think a lot of impatience is in the air and I don't blame anyone for wanting their money. A bit quicker right now is some very very difficult times, and I know some families are struggling. Some families don't know whether or not they will be able to feed their kids. It's definitely a very difficult time and I don't blame anyone for doing this.

But what I do recommend is this: please be very careful about any new institution that is fronting the money for their consumers right now. I did some research on chime. I didn't hear the best things online, but you know that may be subjective. Some people may love them, and some people may hate them just because we're seeing a lot of newer financial institutions fronting the money for their consumers.

This does not mean I should switch over to them right now. Frankly, if you guys switched over to them, what you guys would actually have to do is go on the portal when it comes out in a week update that information with a new, a checking or routing account number that you have and by then people probably would Have gotten their checks with their original bank account, regardless, whoever you actually banked with, if you guys want to put your money in some actual reliable, FDIC credited banks, what you guys can do is check out the links I have below in the description. These are banks that I personally use and that I stand by these are gon na, be banks like Sophie CIT Chase banking. Even a bank, like Charles Schwab, they do a very good job, because thing to take away is make sure you guys do your own research before pulling the trigger on anything.

And if you guys want to sign up for any of the banks I mentioned down below or if you guys want to get yourself some free stocks, valued up to fourteen hundred dollars with weeble, I do have affiliate links down below keep in mind. These are affiliate links where I do earn a small Commission whenever you guys use them, but if you guys don't want to use them or if you want to open another link, that's fine by me find a friend or family member who may be with them. Take their links help them out, but if you guys want to support this channel with no cost to you using those links would actually help out a lot. Like always.

Thank you guys so much again for the support that you guys so much for the love and all the amazing comments that I've been seeing and we've been getting a lot more subscribers than we usually do on my on my channel on a regular basis. So if you guys are new subscribers, I just want to say welcome to the channel. Thank you guys so much for joining by during this crazy time, and like always, I hope I see you guys in the next one stay safe. Also, please stay safe out there.

Please stay healthy, also, social distance. Let's beat the curb peace.