Stimulus Funds On Card

The stimulus funds on your debit card will never expire but your card itself might.

Stimulus funds on card. 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. Here s who won t qualify for another payment. Around 4 million americans will be sent their stimulus payments via prepaid debit card.

The treasury department announced thursday that about 8 million stimulus payments will be mailed out starting this week in the form of prepaid debit cards. If that happens you ll need to call the irs to either transfer the funds to a new card or get a check. Most people who qualify for a second stimulus check will get their money via direct deposit to their bank account.

People who receive debit cards or paper checks are those who didn t provide bank. They re arriving in a plain envelope from money network cardholder services. While many rules remain the same with the second stimulus check some people won t be eligible.

What you need to know. 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. How you can use it.

If you haven t received your coronavirus stimulus check yet it could be arriving in the form of a prepaid debit card. Americans paid over 34 billion in overdraft fees last year many of them on everyday purchases.