Will Stimulus Check Go On Prepaid Debit Card

In a statement treasury secretary steven mnuchin said prepaid debit cards are secure easy to use and allow us to deliver americans their money quickly.

Will stimulus check go on prepaid debit card. The cards known as economic impact payment eip cards could go to anyone. It might be the second stimulus check payment you ve been waiting for just in the form of a prepaid debit card. Getty the irs has sent out more than 140 million economic impact payments guaranteed by the cares act.

Congress approved a 900 billion stimulus package to help americans who have been impacted by the covid 19 pandemic. 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 cards called economic impact payment cards or eip cards by the irs will.

In general where the irs have your bank details you will get a direct bank deposit. Around 4 million americans will be sent their stimulus payments via prepaid debit card. Prepaid debit cards are secure easy to use and allow us to deliver.

The irs says it is sending approximately 8 million prepaid debit cards loaded with the second stimulus payment this week. Recipients can immediately activate and. The treasury department on monday announced plans to deliver prepaid visa debit cards formally called eip cards and issued by metabank to people who qualify for a stimulus check but didn t give.

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. Approximately four million americans will receive their coronavirus stimulus check in the form of a prepaid debit card.