4 Million Americans to Get Prepaid Stimulus Debit Cards Instead of Checks, Treasury Says

President Donald Trump's name on a stimulus check issued by the IRS to help combat the adverse economic effects amid the COVID-19 outbreak, in San Antonio on April 23, 2020. Eric Gay/AP Photo

Instead of receiving stimulus checks or deposits, more than 4 million people will receive a prepaid debit card this week, according to the Treasury Department.

In a statement on May 18, the Treasury and Internal Revenue Service (IRS) said the cards, instead of a paper check, can be used to “make purchases, get cash from in-network ATMs, and transfer funds to their personal bank account without incurring any fees.”