PSA: Stimulus Checks Are Now Being Sent Out As Debit Cards, Do Not Discard

The IRS continues to send out weekly batches of those $1,200 stimulus payments which will eventually be received by most US residents.

Just a quick headsup: for those who were not eligible for direct deposit, payments were initially going out as checks. However, they’ve now changed this and are sending out payments for a lot of people in the form of Visa debit cards. These cards have a routing/account number which allow the funds to be transferred to your bank.

Keep an eye out for a plain envelope from “Money Network Cardholder Services.” Read more on IRS.gov. More information on the consumer finance page as well.

If your card is permanently lost or stolen, call customer service at 1.800.240.8100 (TTY: 1.800.241.9100) to report your lost or stolen card immediately. Your card will be deactivated so nobody can use it. There is a $7.50 fee to order a new replacement card ($17.00 if you need it expedited).

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