$1400 Stimulus Payments Hit Americans’ Accounts This Weekend

The record $1.9 trillion stimulus could have an immediate affect on Americans’ bank accounts.

For people that signed up for direct deposit with the IRS, some payments went out Friday and will continue throughout the weekend. The IRS and US Treasury are prioritizing payments to people with direct deposit information already on file.

The rest of the payments will go out through the mail via a physical check or an “EIP” card. The Economic Impact Payment card contains the money you are receiving for the stimulus. It enables you to shop anywhere Visa debt cards are accepted whether it be in-store, online or by phone, including bill payment. You can also get cash back at the register with the PIN. If you want to take cash out, you can do so at an in-network ATM.

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The stimulus is expected to be as much as $1400 per person for most Americans, $2800 for a married couple, plus $1400 for year independent. This means a family of five will qualify for $7,000 in direct payment.

Do you qualify? And, if so for how much? Find out here.

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