https://www.siliconvalley.com/2021/05/17/first-enhanced-child-tax-credit-payments-to-go-out-july-15/

The families of more than 65 million children will start receiving enhanced child tax credit monthly payments of up to $300 on July 15, the Biden administration announced Monday.

The temporary benefit, which will be sent to 39 million households and covers 88% of children in the US, stems from the Democrats’ $1.9 trillion coronavirus rescue package. The vast majority of families will receive the funds via direct deposit, while the rest will get checks or debit cards in the mail.