The CARES Act provided a $1,200 Economic Impact Payment, commonly referred to as a stimulus payment or stimulus check. To date, the IRS has already issued over 140 million of these payments. The majority of these payments were made via direct deposit. But there are still millions of payments to be made.
Today, the U.S. Treasury announced they will be sending 4 million Economic Impact Payments (EIP) via prepaid debit cards, while the remaining payments will be made by check.