HUNDREDS of thousands of Americans are in line to receive cash payments worth $1,702 as another round of stimulus checks goes out.

With the money set to be distributed in just weeks, be sure to check your status online to determine when the cash will hit your bank account.

While the federal government is no longer dishing out economic impact payments, several US states host programs that send out money that functions like the stimulus checks seen during the pandemic.

For example, Mississippi distributes $1,000 checks for 12 months via its guaranteed income program called Magnolia Mother’s Trust, while Californians can receive $1,000 monthly payments under the state’s Abundant Birth Project guaranteed income program.

Alaska likewise operates a statewide program called the Permanent Fund Dividend, or PFD, aimed at providing a financial boost to its residents.

The program was created by the Alaska Legislature in 1980 to help manage profits from the state’s oil and natural resources, with annual dividends going out each year to residents starting in 1982.

The payments vary based on factors such as oil prices and the fund’s investment performance, with the 2024 PFD amount of $1,702 currently being sent out to eligible Alaskans.

This includes $1,440 from the fund plus a one-time $262 energy relief bonus thanks to high oil prices.

Alaska PFD vs stimulus

The PFD payment is a bit different than the stimulus check Americans received during the pandemic.

The PFD is made to residents of a specific region from the earnings of a permanent or sovereign wealth fund.

Alaska has a sovereign wealth fund called the Alaska Permanent Fund, established in 1976.

It is funded mainly through the revenue produced from Alaska’s oil and gas reserves.

Every year, part of the funds are distributed to Alaskan residents as dividends.

WHEN WILL YOU GET YOUR CHECK?

Per the PFD website, dividend applications from 2024 and the prior year in the “Eligible-Not Paid” status on August 13, 2025, will be distributed in the coming weeks on August 21, 2025.

Eligible applications from 2024 and the previous year that have yet to be paid on September 3, 2025, will be distributed on September 11, 2025.  

Applications from 2025 and the prior year in the “Eligible-Not Paid” status on September 18, 2025, will be sent out on October 2, 2025.

This marks the first mass payment for 2025, which includes applications filed online with a valid direct deposit.

Then, dividend applications from 2025 and the prior year in the “Eligible-Not Paid” status as of October 13, 2025, will be handed out on October 23, 2025.

This second mass payment for this year includes all applications paid by check or direct deposit.

ARE YOU ELIGIBLE?

Approximately 600,000 state residents are handed a check from Alaska’s PFD annually, with several eligibility requirements in place to receive the money.

For example, individuals must have lived in Alaska throughout the full 2024 calendar year to qualify for the 2024 PFD payment.

What to do if you’re waiting for your check

If you are still waiting for your 2024 PFD check, there are a few steps you can take to check its status and ensure receipt of your money.

For example, residents can visit the Alaska Department of Revenue’s Permanent Fund Dividend Division website and use the “myPFD” tool to check their application status.

You can find out if it is categorized as “Eligible – Not Paid” or if there is any action required from your end to complete your application.

Be sure to check the accuracy of your mailing and physical address, phone numbers, and email.

If you have moved, you can update your mailing address through the online portal if you filed electronically.

Your online account will permit you to review how your payment is being disbursed, such as direct deposit or check, as well as any deductions that may have been applied to your dividend.

If you selected direct deposit and have yet to receive your money, check with your bank to see if the cash was deposited into a different account or if the deposit was rejected for any reason.

If the scheduled payment date for your application has passed and you have not received your check, you can contact the PFD division directly by visiting one of their offices, mailing documents, calling, or emailing dor.pfd.info@alaska.gov.

Alaskans must also not have claimed residency in another state or country or received benefits tied to the claim since December 31, 2023.

Additionally, applicants must not have been convicted of a felony in the past 12 months or been incarcerated due to a felony or misdemeanor to be eligible for the check.

Alaskans also must not have been absent from the state for over 180 days in 2024 and must have spent at least 72 consecutive hours in Alaska at some point during 2023 or 2024.

See if you qualify for these other cash payments.

Millions of Americans to get two direct payments worth $967 each thanks to a calendar quirk.

Plus, it’s the final days for Americans to get a one-time payment from a $19 million “texting” settlement – no proof or forms are needed to get the cash.