I think the logic is that banks can much more rapidly deploy money than can the government (see estimates on the regular stimulus check timeline). The issue fo

I think the logic is that banks can much more rapidly deploy money than can the government (see estimates on the regular stimulus check timeline). The issue for the banks isn't that the loans will be forgiven, that's fine, they still get an origination fee; the issue is they're liable for validating the info you provide on the application, whereby if there's an issue your loan may in fact not get forgiven, and they're stuck with it. So you're exactly right, if you already have accounts with the right banks, it's easy enough for them to verify and process the loan. But if you're an outsider, it's much harder.