Some of your stimulus check money might be lost if you’re not spending it

[Andy Meek]

• Any stimulus check update you might have read in recent days probably hasn't touched on one of the most frustrating parts of the emergency coronavirus relief from the federal government that pushed out direct payments to millions of Americans.
• Some 4 million Americans have received prepaid debit cards in lieu of stimulus checks.
• Those debit cards, however, have included annoying fees as well as come with privacy issues, like the possibility that user data could be shared with third-party marketers.

Instead of receiving a stimulus check, either in paper form via the mail or electronically as a bank direct deposit, some 4 million Americans got an alternative that was meant to get money into their hands quickly -- and in a format that made it easy to go ahead and start spending that money. For the latter group of people, the money came in the form of a prepaid debit card, loaded up with their share of the federal government's stimulus money (at least $1,200 for individuals, and $2,400 for married couples). These debit cards should have all been received by now, and the money is now being spent, even as lawmakers and President Trump grapple with how to press forward with a new round of stimulus checks.

However, there's an aspect of those debit cards that hasn't really received much attention, and certainly not as much as the attention overall dedicated to the prospect of new stimulus checks. Not only that, but it's quite infuriating and deserves peoples' attention.

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Some of your stimulus check money might be lost if you’re not spending it originally appeared on BGR.com on Fri, 26 Jun 2020 at 14:23:01 EDT. Please see our terms for use of feeds.

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