Sci-tech

US Treasury to send stimulus payments on debit cards

US Treasury to send stimulus payments on debit cards”

Since there are about 20 million people in the US who haven't received their stimulus check, the Treasury announced on Tuesday that they will be sending four million stimulus payments via prepaid debit cards with the remaining payments will be made by paper check.

"Those who wish to know the status of their Economic Impact Payment are reminded to check Get My Payment regularly; the information is frequently updated as the IRS continues to process the remaining payments for delivery", it said. They can also check their card balance online, by mobile app, or by phone without incurring fees.

The card will allow users to make purchases, get cash from in-network ATMs and transfer the funds to their personal bank accounts without additional fees.

The cards can be used like any other Visa debit card and have the same protections for loss and fraud, officials said.

The CARES Act was signed by president Donald Trump and it is a bill to provide a $1,200 Economic Impact Payment for Americans who lost their jobs during the outbreak and for those that have been struggling financially during the quarantine period.

More news: Mystery of lava-like flows on Mars is finally solved

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

According to the statement from the IRS, which is overseen by the Treasury Department, recipients will immediately be able to activate and create a PIN number in order to use their prepaid card by following the instructions mailed with it.

To date, the Treasury has sent out more than 140 million stimulus payments worth some $239 billion. The Treasury-sponsored EIP Card is another way to distribute the money efficiently and securely to eligible recipients and their families.

[Screenshot: eipcard.com] Mysteriously, the Treasury specifies that the cards are also being distributed to "individuals whose tax return was processed by either the Andover or Austin IRS Service Center".



Like this

loading...
loading...

Latest


20 May 2020
The US stopped Huawei's latest $700 million order to TSMC
But its biggest producer, SMIC, can only make chips that are two generations behind TSMC. Guo said that Huawei spent about $18.7 billion previous year buying from US suppliers.

19 May 2020
Naas and Curragh to the fore as racing returns
Ireland is the latest country to permit horseracing events to resume behind closed doors amid the ongoing coronavirus pandemic. The Board of Horse Racing Ireland met on Saturday to discuss a number of fixture and prize money recommendations.

19 May 2020
Early Galaxy Note 20 Leak Shows Off Triple Rear Cameras
On the other hand, the Korean giant did not specify a date for the official announcement of the Galaxy Note 20 series . It claims that the Galaxy Note 20 + will include a 108-megapixel main camera, just like the Galaxy S20 Ultra .

19 May 2020
Iran announces new phase in virus fight despite nearly 2,300 new cases
Jahanpour added that 686,935 COVID-19 tests have been taken so far. 2,712 infected people are in serious condition. The Islamic Republic only announced its first infections and deaths from the coronavirus on February 19.

19 May 2020
Trump mobilizing the military to distribute a coronavirus vaccine when available
But Mr Trump has also acknowledged that the blowback to removing the doctor would be fierce. Mr Trump said in the interview: "We have to open our country".

19 May 2020
Coronavirus vaccine shows promising early results
The company hopes by July to begin a Phase III study, aimed at showing that the vaccine can actually prevent disease. In other words, similar to the mild side-effects from other vaccines like the flu vaccine .

19 May 2020
Burundi expels senior World Health Organization official, experts
A 45-year-old vegetable seller in the capital, Bujumbura, supported the ruling party because it had provided welfare. The abuses began in earnest in 2015, when President Pierre Nkurunziza began agitating to extend his term in office.

19 May 2020
President Xi presents himself as `savior` at World Health Assembly
On Friday, a Chinese official admitted that the country destroyed early samples of COVID-19 at unauthorised laboratories. Three of the new cases were listed as imported, and once again no new deaths were reported.

19 May 2020
Kendall Jenner reveals enduring insane panic attacks during horrific battle with anxiety
Celebrities, including Kendall Jenner , are definitely no exception to these issues, and express in record numbers about them. One of the incidents that Jenner recalled was the time when she couldn't breathe.

19 May 2020
Indiana Reports First Case of Multisystem Inflammatory Syndrome in Children
Last week doctors in northern Italy reported a 30-fold increase in cases of the Kawasaki-like disease in one of the regions that was worst hit by Covid-19.