Stimulus Check Debit Card Irs

The irs sent 4 million payments by prepaid debit cards or economic impact payment eip cards as the treasury department has dubbed them during the first set of stimulus payments.

Stimulus check debit card irs. An economic impact payment card is a prepaid debit card that the us treasury used to distribute some stimulus payments under the march cares act instead of direct deposit or a paper check. The treasury department and irs are once again sending millions of stimulus payments in the form of prepaid debit cards. The stimulus payments will be sent out through january 15.

To date the irs has already issued over 140 million of these payments. Transfer funds to their personal bank account. The stimulus payment is loaded on the debit card.

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. The agency will send out 8 million eip cards to some eligible individuals in the second wave of economic stimulus. The determination of which taxpayers received a debit card was made by the bureau of the fiscal service a part of the treasury department that works with the irs to handle distribution of the payments.

Still people who receive the second stimulus check on a debit card should take care to read any agreements with the card issuer so they don t accidentally incur extra fees for spending the payment. Officials said around 8 million cards with payments of up to 600 per person will be sent and warned. The cards are going out to certain eligible taxpayers who filed tax returns but for whom the irs doesn t have bank account information.

Stimulus check or debit card is in the mail. If you haven t received your 600 payment already the irs advises you to watch your mail carefully as the form of payment for the second stimulus. Make purchases online and at any retail location where visa is accepted.

Treasury irs sending new round of stimulus debit cards with clearer identification. Get cash from in network atms. The cares act provided a 1 200 economic impact payment commonly referred to as a stimulus payment or stimulus check.