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If you get a Coronavirus Stimulus check, we suggest having your money deposited into a Chime Bank Account so you don’t get hit with fees that you would get with other prepaid cards.
Chime is a new Visa card that is amazingly free (unless you use the card outside of their large ATM network). This is best alternative to a prepaid card that we’ve seen in 5+ years and offers all of the benefits of traditional bank account.
It’s a real Visa card (not a prepaid debit card which usually have a lot more fees) and people with poor credit can apply too as there is no credit check. Chime can be managed entirely from your smartphone. No overdraft fees. No minimum balance. No monthly service fees. No transfer fees. No Chex Systems. Over 38,000 fee-free ATMs, plus 30,000+ cash-back locations.
And for a limited time, earn a Cash referral bonus of $50 when you tell your friends and family members about Chime and they sign up (and they’ll earn $50 too)- details within the app after you apply! Click for more info.- you can apply online in just 2 mins with no obligation. Start by simply entering your email address and clicking “Get Started”– over 3 million customers couldn’t be wrong. 🙂 (Referral Link)
Who Gets a Conoravirus Stimulus Check or Direct Deposit?
If you received your federal tax return through direct deposit, you will receive your Coronavirus Stimulus money through the same direct deposit account. In other words, if you have given the IRS direct deposit information to receive your tax returns then the IRS will use the same information to deposit your stimulus money.
If you received your tax return via a check and you have not given the IRS any direct deposit information you will be receiving your Coronavirus Stimulus Funds by check.
We hope this article has helped you in answering: Who gets a Conoravirus Stimulus Check or Direct Deposit?