Stimulus Check Coming As Debit Card

Instead millions of americans are now receiving pre paid debit cards.

Stimulus check coming as debit card. The card is called an economic impact payment or eip. It may come as a debit card instead january 11 2021 the irs will be sending about 8 million payments as a prepaid debit card instead of a direct deposit in the new round of economic impact payments as part of the latest covid 19 relief package. Stimulus check or debit card is in the mail.

With stimulus checks designed to stimulate the economy by putting money into circulation one might think the government issued debit cards to make it more likely that people would spend the funds rather than save them. Debit card dfw news envelope irs stimulus check. And for a few the money won t come via direct.

The 600 stimulus payments from the latest 900 billion coronavirus relief act are hitting bank accounts and mailboxes for millions of americans. But they re not coming in the form of checks. You can use your debit card anywhere visa is accepted to make purchases pay bills and get cash back at the register from merchants that offer that service.

A new wave of stimulus payments is hitting people s mailboxes. Millions of americans have received economic impact payments or stimulus checks via direct deposit in their bank accounts. And for about 8 million americans the money will.

Now nearly 4 million americans are being sent stimulus checks by. Unlike the physical stimulus checks which come in a very official looking letter from the department of the treasury the economic impact payment prepaid debit cards look like they could be junk. About 4 million americans can expect to receive their stimulus payments through a prepaid debit card in the coming weeks the irs has said.