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!