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The irs says it is sending approximately 8 million prepaid debit cards loaded with the second stimulus payment this week.
Will my stimulus check go on my debit card. The cards can be used to withdraw cash from an atm transfer funds to a bank account. The cards called economic impact payment cards or eip cards by the irs will. You can use your debit card anywhere visa is accepted to make purchases pay bills and get cash back at the register from merchants that offer that service.
Your economic impact payment prepaid debit card which contains your stimulus money will arrive in a plain envelope from money network cardholder services. If you re waiting on your stimulus payment you cannot request to receive a debit card instead of a check. With stimulus checks designed to stimulate the economy by putting money into circulation one might think the government issued debit cards to make it more likely that people would spend the funds rather than save them.
In general where the irs have your bank details you will get a direct bank deposit. 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.
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