Next Batch of Stimulus Checks to be Released This Week

The Internal Revenue Service has announced that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many payments coming by paper check or prepaid debit card.

For taxpayers receiving a direct deposit, this batch of payments began processing last Friday and will have an official pay date of Wednesday, March 24, with some people seeing payments in their accounts earlier, potentially as provisional or pending deposits, the IRS said Monday.

According to the IRS, a large number of payments will also be mailed, so taxpayers who do not receive a direct deposit by March 24 should watch the mail carefully in the coming weeks for a paper check or a prepaid debit card, known as an Economic Impact Payment Card, or EIP Card.

Taxpayers should note that the form of payment for the third EIP may be different than earlier stimulus payments.

More people are receiving direct deposits, while those receiving them in the mail may get either a paper check or an EIP Card – which may be different than how they received their previous stimulus payments.

IRS and the Treasury Department urge eligible people who have not received a direct deposit to watch their mail carefully during this period.

Paper checks will arrive by mail in an envelope from the U.S. Department of the Treasury.

For those taxpayers who received their tax refund by mail, this paper check will look similar, but will be labeled as an “Economic Impact Payment.”

The EIP Card will come in a white envelope prominently displaying the seal of the U.S. Department of the Treasury.

The card has the Visa name on the front and the issuing bank, MetaBank, N.A. on the back.

No action is needed by most people to obtain this round of Economic Impact Payments (EIPs).

People can check the Get My Payment tool on IRS.gov to see if their payment has been scheduled.