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Getting Stimulus Funds To Those Who Need Them — Without The Paper Check

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As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. Prepaid cards also can allow those without bank accounts (i.e.

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Why Consumers Need Digital Banks To Be Better, Not Just Cheaper

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In the sense that it is a bank, MoneyLion takes deposits and makes sure those deposits are FDIC insured through a backend partnership with a traditional bank, Choubey said. The platform also allows users to connect all their bank accounts and credit cards and receive personalized advice on how to better spend their money.