Your Stimulus Payment May Be Arriving On a Debit Card

stimulus check

According to the Internal Revenue Service (IRS), millions of Americans are receiving their stimulus payments from the U.S. Treasury in the form of debit cards instead of paper checks. As they're arriving in American mailboxes, however, many debit cards are being discarded according to the media when their recipients mistake them for scams.

The IRS says, "IRS and Treasury urge eligible people who don't receive a direct deposit to watch their mail carefully during this period. The prepaid debit card, called the Economic Impact Payment card, is sponsored by the Bureau of the Fiscal Service and is issued by Treasury's financial agent, MetaBank®, N.A. The IRS does not determine who receives a prepaid debit card."

If you get refunds from the IRS via direct deposit, you won't get a check or debit card. However, if you typically get refunds in the form of a check, you need to know about this change.

The IRS has posted sample photos of the debit cards and the mailing envelope to help Americans identify the payments when they arrive in the mail.

You can check the status of your payment at Get My Payment on the IRS website.

(This post was updated on May 4, 2021)

 

Keep on top of your finances with our free Money Management Planner. Download your copy today!

money management planner

Others are reading:

4 Things to Know About Credit Card Balance Transfers
Pandemic Relief in 2021 and How It Can Help You

About Author

Hanscom Federal Credit Union
Hanscom Federal Credit Union

Hanscom Federal Credit Union, a purpose-driven $1.9 billion organization based in Littleton, MA, empowers its members to achieve financial wellness. Hanscom FCU serves over 95,000 members across the country and overseas through 16 branches, over 100,000 surcharge-free ATMs, 5,000 contact centers, and a web-based branch.

Related Posts
Navigating Financial Challenges After a Job Loss
Navigating Financial Challenges After a Job Loss
Three Tips to Build a Financial Safety Net
Three Tips to Build a Financial Safety Net
Traveling this summer? 9 credit card tips to know
Traveling this summer? 9 credit card tips to know

Comment

Subscribe To Blog

Subscribe to Email Updates