Child Tax Credit 2021: Here's when the third check will deposit

The third monthly payment of the enhanced Child Tax Credit is landing in bank accounts on Wednesday, providing an influx of cash to millions of families at a time when most other major stimulus programs for U.S. households have ended. 

Parents of about 60 million children will receive direct deposit payments on September 15, while some may receive the checks through the mail anywhere from a few days to a week later. Parents of eligible children under 6 will receive $300 per child, while those with children between 6 to 17 will receive $250 per child on Wednesday. 

The September 15 payment marks the halfway point of the direct cash assistance, with only three monthly payments remaining under the plan signed into law by President Joe Biden through the American Rescue Plan. But some Democratic lawmakers are currently working on an extension of the enhanced Child Tax Credit (CTC) through 2025, although that's far from guaranteed. In the meantime, anti-poverty advocates say the CTC has helped families weather the ongoing effects of the pandemic.