Check your junk mail — 4 million Americans are getting their stimulus payments as prepaid debit cards, not checks

Posted on AllSides May 27th, 2020
From The Center

Don’t throw away your junk mail — or you might throw away your stimulus payment.

The U.S. Treasury Department and the Internal Revenue Service began sending out Economic Impact Payments as prepaid debit cards last week. So almost 4 million Americans still waiting for their cut of the $2.2 trillion CARES Act can expect to get their stimulus money in the form of an EIP Card, as opposed to a paper check.

Problem is, these Visa VISA, -1.89% cards are being issued by MetaBank (the Treasury’s financial agent) and delivered...

Read full story
https://www.marketwatch.com/story/check-your-junk-mail-4-million-americans-are-getting-their-stimulus-payments-as-prepaid-debit-cards-not-checks-2020-05-27

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