Stimulus Check As Credit Card

Some stimulus payments will be sent on a debit card that looks like this.

Stimulus check as credit card. If you re waiting on your stimulus payment you cannot request to receive a debit card instead of a check. That said you can still be strategic about how you use your stimulus money to pay for some of these expenses. Mitch kime head of consumer payments at keybank recommends that people take advantage of their government stimulus check as a liquidity tool by using their credit cards to cover purchases they know they can pay off.

The cards can be used to withdraw cash from an atm transfer funds to a bank account. People who receive their stimulus payment on a eip card can keep the money there and use it like a regular debit card until they ve spent every penny. Starting the week of may 18 eligible recipients began receiving eip cards in the mail.

Treasury department the emergency impact payment eip cards can be transferred to your own account in just a few simple steps as detailed on the eip. They can also withdraw cash at an atm. Example of a stimulus debit card credit.

Eip cards are visa branded debit cards issued by the government and stocked with your stimulus check money. The direct stimulus payments which are worth up to 1 200 per individual and up to 2 400 per couple were included.