The Internal Revenue Service and the Treasury Department announced that they are planning to send four million economic stimulus payments in the form of prepaid cards rather than checks starting this week.
Financial agent MetaBank has issued the cards to allow people using them immediately for online purchases, transfers, and withdraws at ATMs without additional fees.
“Treasury and the IRS have been working with unprecedented speed to issue Economic Impact Payments to American families. Prepaid debit cards are secure, easy to use, and allow us to deliver Americans their money quickly. Recipients can immediately activate and use the cards,” Treasury Secretary Steven Mnuchin said.