Govt Stimulus Debit Card

Around 4 million americans will be sent their stimulus payments via prepaid debit card.

Govt stimulus debit card. Treasury irs sending new round of stimulus debit cards with clearer identification. About 8 million new debit cards are being issued for second round payments according to a treasury press release. The irs has sent some stimulus payments via debit card cnbc reports just as it did with the first round of payments sent in april 2020.

Your economic impact card will come in a plain envelope from money network cardholder services along with important information about the card instructions for activation fees. The agency will send out 8 million eip cards to some eligible individuals in the second wave of economic stimulus. 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.

The government is sending some people economic impact payment cards if they qualified for a stimulus payment and the irs couldn t direct deposit the payment. 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. As the 600 per person stimulus payments from the latest coronavirus aid package hit many people s bank accounts others could be waiting for their money in the mail.

Officials said around 8 million cards with payments of up to 600 per person will be sent and warned. And it may not come in the form of a paper check. The government cannot track purchases you make on the card.

About 4 million americans can expect to get a prepaid debit card loaded with stimulus money in the mail starting this week.