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But one key difference separates the two.

Stimulus debit card direct deposit. On april 15 2020 the irs set up this online tool that allows you to track the status of your stimulus payment and it allows you to provide your direct deposit information. This card has one flat maintenance fee which tops out at 9 95 every month. 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.

Recipients expecting a direct deposit payment or paper check thought the debit card was a scam and may have thrown it away treasury officials said. The debit card looks like a non descript card. This version of the netspend visa prepaid card looks and acts very much like its sibling card listed at no.

If you don t regularly use your card but still want access to the direct deposit feature this could be your best option. 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. Millions of debit cards loaded with stimulus payments are being mailed this week.

And whether the payments were sent via direct deposit or through the mail. If you get the second stimulus payment on. It happened a lot during the first stimulus round.

If you are one of the tens of millions of americans who qualify. 15 to deliver your second stimulus check of up to 600 by direct deposit mailed check or eip card. 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.

And why are some folks who got direct deposit for the first stimulus now being mailed a check. How you can use it. Like the first payment the debit card stimulus money will probably be able to be used anywhere debit cards are accepted including in person online or over the phone.

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