Stimulus Check Direct Deposit Paypal

With congress s passage of the coronavirus aid relief and economic security cares act eligible tax payers and benefit recipients including social security or railroad retirement recipients will be receiving economic impact payments a k a. Paypal waiving fees for upcoming stimulus checks account holders will also receive their payments via direct deposit into a paypal account if they were paid this way with the pervious stimulus. Simply set up direct deposit if you don t have it already.

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Paypal will cash deposit stimulus check for free through its app direct deposit is also available.

Stimulus check direct deposit paypal. Per the irs direct deposit can only be used to receive your stimulus payment until 12pm et on may 13 2020 following which all payments will be issued via paper check. Federal stimulus checks are supposed to start arriving this week and you can set up a deposit into your paypal account instead of bank account. To use the direct deposit feature you need to have a paypal cash plus account.

Stimulus checks from the irs in the coming weeks. You can elect to send your stimulus payment directly to your paypal cash plus account using direct deposit for free. And over the next few weeks fees associated with cashing a government issued stimulus check through paypal cash a check service will be waived helping more people access these.

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