Alaska News

Are you an Alaskan? Check your bank account for an extra $1,100 today

The first batch of $670 million in Alaska Permanent Fund dividends hits bank accounts Thursday, with an estimated 640,000 residents set to receive the oil-wealth checks this year.

About 615,000 Alaskans whose applications were approved by Sept. 22 will have their $1,100 dividends paid Thursday, according to the Permanent Fund Division, the arm of the Alaska Department of Revenue that distributes the payments.

Subsequent rounds of payments will start Oct. 26 and continue on a monthly basis, according to the department.

About 87 percent of recipients get their PFDs by direct deposit. Paper checks are also mailed starting Thursday.

Nathaniel Herz

Anchorage-based independent journalist Nathaniel Herz has been a reporter in Alaska for nearly a decade, with stints at the Anchorage Daily News and Alaska Public Media. Read his newsletter, Northern Journal, at natherz.substack.com

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