We have not yet received confirmation from the IRS on whether they will be putting stimulus payments on prepaid debit cards. However, we have noticed that the IRS has started depositing stimulus payments on some prepaid debit cards for taxpayers that chose to receive their refund through that method in tax year 2019 or 2018.
If you received your refund on a prepaid debit card in tax year 2019 or 2018, here is what you need to know:
- I have access to my debit card: If you have access to your debit card (most people), there is nothing more you need to do. If the IRS deposits a stimulus payment onto your prepaid debit card, you will be able to immediately use the stimulus funds upon deposit.
- I don’t have access to my debit card: If you received a notification that you will be receiving your stimulus payment from the IRS on your prepaid debit card and no longer have access to it, we will have information coming shortly. We encourage you to visit this site, where we are continually updating with the latest information and guidance. We know everyone is anxious to get their stimulus money and we are committed to helping our customers get access to their stimulus payment as fast as possible.
As far as when? The IRS has not given any indication yet as to which taxpayers will receive payments in what order and the tracking tool for payments, in development, is not live yet. As of April 13, 2020, it is not possible to check the status of an individual payment (so please do not fall for any claims from anyone to be able to do so!) The IRS will have a tool for this directly on the IRS website in days to come. Please go directly to their website to access this information.
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