4 Million Americans Will Receive Stimulus Money on Prepaid Debit Card ASAP

Good news for Americans who have yet to receive their stimulus money. The Treasury Department said today (Monday) that it will start issuing stimulus payments on a prepaid debit card to people in the mail.

Until now, payments had been either directly deposited in an individual’s bank account or sent as a paper check.

About 4 million payments will be sent on a debit card. This would expedite the process of Americans receiving funds vs waiting for a check.

Those being sent a debit card this week do not have bank account information on file with the IRS and would have otherwise received a check in the mail. The wait is over!