Stimulus Debit Card Why

Why are debit cards being issued for the 2nd stimulus payment.

Stimulus debit card why. Approximately four million americans will receive their coronavirus stimulus check in the form of a prepaid debit card. You may get a debit card even if you previously received a check. Coronavirus irs stimulus payments on prepaid debit cards arriving.

To speed delivery of the payments to reach as many people as soon as possible the treasury s bureau of fiscal service is sending payments out by prepaid debit card. Irs and treasury urge eligible. For some reason issuing debit cards helps the irs get stimulus payments out to the public sooner than sending everyone a check.

Inside was an economic impact payment card which operates just like a pre paid visa gift card. Prepaid debit cards are secure easy to use and allow us to deliver. What to know these people were determined by a part of the treasury department known as the bureau of the fiscal service.

They can also withdraw cash at an atm. Better known as stimulus checks the payments worth up to 1 200 per individual are meant to tide americans over as the devastating consequences of the coronavirus pandemic continue to rip through. 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.