$1,702 Hitting Bank Accounts This June—Are You One of the Lucky Ones?

There’s been a lot of buzz lately about a $1,702 “stimulus payment” showing up in people’s accounts this June. And if you’re wondering whether it’s real, who qualifies, or if you might get it—yes, it’s real, but there’s a catch: it’s not a federal stimulus check.

This money is part of Alaska’s Permanent Fund Dividend (PFD)—a program that’s been around for decades and pays residents a yearly share of the state’s oil revenue. Let’s break it all down in simple terms.

What Is the $1,702 Payment?

This payment isn’t new, and it’s not unexpected for many Alaskans. The total this year comes from two parts:

• $1,403.83 from the regular Permanent Fund Dividend, which every qualifying Alaskan gets each year.

• $298.17 as an energy relief bonus, added to help with the high costs of heating and energy.

Together, that makes $1,702, and it’s being paid out in June 2025—but only if you meet the eligibility rules.

Who Qualifies for It?

To get the payment, you have to meet a few pretty specific requirements:

• You must have lived in Alaska for the entire year of 2024. This isn’t for part-time residents or people who just moved up north recently.

• You have to intend to stay. The state looks for signs that you consider Alaska your permanent home.

• You need to have spent at least 72 hours physically in the state in 2024. Extended absences—like more than 180 days away—can disqualify you, unless you were away for things like military service, medical care, or attending school.

• Your criminal record matters. A felony conviction or multiple misdemeanors in 2024 could keep you from receiving the money.

• You had to apply on time. The application window ran from January 1 to March 31, 2025. If you missed it, you’ll have to wait for next year.

When Do You Get Paid?

If your application is marked as “Eligible – Not Paid” by June 11, the payment will be sent out on June 18, 2025.

• If you signed up for direct deposit, the money should land in your bank account on that day.

• If you’re getting a paper check, it may take a few extra days to arrive in the mail.

You can check your status on the official Alaska PFD site: pfd.alaska.gov

Why the Extra $298?

Alaska occasionally adds an “energy relief” bonus to the dividend when oil revenues are strong. The $298 this year is meant to offset the higher energy costs, especially in more remote communities where fuel and electricity can get extremely expensive.

This isn’t a surprise windfall or a nationwide stimulus. It’s a benefit that many Alaskans rely on every year—and this year’s payment is one of the larger ones in recent memory.

If you live in Alaska and think you might qualify, double-check your application status before June 11. If it says “Eligible – Not Paid,” you can expect to see $1,702 hit your account on June 18.

And if you’re unsure about anything—whether it’s your eligibility, your application status, or what to do next—don’t hesitate to reach out. A quick check now can save you a lot of stress later.