Instead of stimulus checks, 4 million Americans will get prepaid debit cards this week - Business Insider

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The debit cards can be used anywhere Visa is accepted

on Monday that it would deliver millions of remaining stimulus payments by prepaid debit card this week.

"Treasury and the IRS have been working with unprecedented speed to issue Economic Impact Payments to American families. Prepaid debit cards are secure, easy to use, and allow us to deliver Americans their money quickly," Secretary Steve MnuchinSince mid-April, about 140 million Americans have received stimulus payments totaling $239 billion, mostly by direct deposit.

, the agency mailed paper checks. Some federal benefits recipients also received their payments by Direct Express card. but have yet to receive them. Treasury says about 4 million people will get the prepaid Visa debit cards, issued by MetaBank, this week. "EIP Cards are being distributed to qualified individuals without bank information on file with the IRS, and whose tax return was processed by either the Andover or Austin IRS Service Center," the Treasury statement reads.Frequently Asked Questions page

. Enclosed will be instructions on how to activate the card. Only one card will be provided per family. The cards can be used to withdraw cash from an ATM, transfer funds to a bank account, or make purchases wherever Visa is accepted.to check their balance and transaction history. reported on 2018 and 2019 tax returns.

 

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PeterSchiff

You may see an increase in postal theft... Better to go with direct deposit...!

They ain’t giving no college kids money

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