The United States CARES Act ensures citizens will receive federal aid in the form of a stimulus check from the government. However, if you’re still waiting on your payment keep an eye out for a debit card in the mail.
The U.S. Treasury Department announced they will start mailing some stimulus payments in the form of debit cards. Prior payments, were either directly deposited into a bank account, or sent as a paper check.
Now, about 4-million payments will be sent through the form of a debit card, and they can be activated immediately. This can be used to make purchases, get cash at an ATM, or transfer funds into a bank account without being charged a fee.
Therefore, it’s an easier source for the average American to start using their money.