Some stimulus payments are coming by debit card
If you get an otherwise blank envelope from Money Network Cardholder Services, don't throw it away.
The Internal Revenue Service is sending nearly 4 million people prepaid debit cards with their Economic Impact Payment.
Instead of a paper check or direct deposit for the stimulus payments Congress approved, some people will be getting debit cards. Each eligible adult will receive $1,200 , with $500 for each qualifying child.
The Bureau of Fiscal Services, which is a part of the Treasury Department, decided which taxpayers would recieve the cards, according to a newsletter from the IRS.
People can use the cards to make purchases, get cash from in-network ATMS, and transfer funds to their bank account, the release said.
People who haven't received a stimulus payment can check their status at irs.gov/coronavirus/get-my-payment. The site also includes a vareity of frequently asked questions about the payments.
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