Will Your $600 Stimulus Check Come on a Debit Card?

Young asian man wearing medical mask withdraw money from bank cash machine with debit card - Senior male doing payment with credit card in ATM - Concept of business, banking account and lifestyle people.
NgKhanhVuKhoa / Getty Images/iStockphoto

As the $600 per person stimulus payments from the latest coronavirus aid package hit many people’s bank accounts, others could be waiting for their money in the mail. And it may not come in the form of a paper check.

The IRS has sent some stimulus payments via debit card, CNBC reports, just as it did with the first round of payments sent in April 2020.

See: Second Stimulus Check — Should You Spend or Save Your $600?
Find: COVID-19 Totally Changed How We Spend Our Money

If you haven’t signed up for direct deposit with the IRS, you’ll want to watch your mail for either a check from the United States Treasury or an envelope from “Money Network Cardholder Services” containing a Visa debit card issued by MetaBank, N.A.

Even if you received a debit card last time, you will receive a new card this time around. Funds will not be reloaded onto last year’s cards.

Make Your Money Work for You

You’ll need to activate the debit card by calling 800-240-8100 and setting up a PIN. You can use your debit card anywhere Visa is accepted to make purchases, pay bills and get cash back at the register from merchants that offer that service.

With stimulus checks designed to “stimulate” the economy by putting money into circulation, one might think the government issued debit cards to make it more likely that people would spend the funds rather than save them.

See: How the Pandemic is Controlling Our Finances and Other Things We Learned in 2020 Studies
Find: What a $600 Stimulus Check Can Actually Buy You in America

But you can also get cash with no surcharge at any of MetaBank’s in-network ATMs, so these cards really are as good as money in the bank.

There’s just one catch — if your check or debit card isn’t mailed by Jan. 15, you might have to claim the funds as a Recovery Rebate Credit when you file your tax return.

Make Your Money Work for You

With a third stimulus check potentially on the way in the near future, it might make sense to sign up for direct deposit with the IRS so you can be one of the first to receive your money next time.

More From GOBankingRates:

Share this article:

Make Your Money Work for You

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
Learn More