Direct Express, which provides the cards for beneficiaries of programs such as Social Security to receive their monthly funds, said the IRS will soon send the third stimulus check of $1,400 to this group.
In an update this week, the Direct Express company that provides the cards for beneficiaries of programs such as those under the Social Security Administration to receive their monthly benefits said that soon the Internal Revenue Service (IRS) will send the third $1,400 stimulus check to this group.
“According to the IRS, updates on the timing of Economic Impact Payments for federal beneficiaries are expected soon. This includes information for Direct Express® cardholders who did not file a tax return in 2019 or 2020. Updates will be posted on IRS.gov as soon as possible,” states the content in a fact sheet updated Tuesday.
A day earlier, the IRS confirmed that government program recipients who do not file taxes will automatically receive the third $1,400 stimulus check without additional paperwork, with most payments being processed via direct deposit.
“The IRS will automatically send the EIP3 to individuals who did not file a return but receive Social Security retirement, survivor or disability benefits (SSDI), railroad retirement benefits, Supplemental Security Income (SSI) or Veterans Affairs benefits. This is similar to the first and second rounds of economic impact payments, often referred to as EIP1 and EIP2. Social Security and other federal beneficiaries generally will receive this third payment in the same manner as their regular benefits,” the IRS said in a press release Monday.
Benefits will continue to be received on time despite arrival of third stimulus check
The Direct Express entry further explains that card fees will not change despite the arrival of the third stimulus check.
In addition, the brochure specifies that each cardholder will receive a free ATM withdrawal for the deposit of the third stimulus check.
“This is in addition to each free withdrawal for each payment deposit the carrier receives,” the system administrators specify.
The fact sheet further explains that if the Economic Impact Payment is sent to an account that is closed or not active at the time of the transfer, the funds will be returned to the IRS for the agency to reissue the payment.
Direct Express system managers clarified that the processing of the third stimulus check to the card will not delay the arrival of the federal funds that the individual receives on a regular basis.
The Direct Express® card is a prepaid debit card used by Americans to receive federal benefits electronically without a bank account. Through the card, users can access their money and pay directly with plastic money instead of using cash for purchases.