Eligible and qualified individuals may receive the second round of $1,200 stimulus payment through a debit card this month as congressional leaders restart talks on a second round of relief payments next week.

Debit Card
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Millions of Americans are still hoping for the second round of coronavirus relief aid that includes a $1,200 stimulus payment through their debit card.

During the first round of $1,200 direct stimulus payments, many individuals have yet to receive their first stimulus payment because the Internal Revenue Service (IRS) might not have any information about their bank account or debit card.

Another reason could be the outdated information they have with the IRS, or they do not have any bank account information.

According to a press release from the U.S. Department of Treasury, around 140 million Americans financially impacted by the global pandemic have received Economic Impact Payments (EIP) or stimulus payment totaling $239 billion.

Meanwhile, almost four million people in the country were shocked to receive the money through a card instead of a paper check or a direct deposit.

The EIP cards were sent through the mail in plain envelopes with a note from "Money Network Cardholder Services." The cards were issued by the Treasury's financial agent, MetaBank, N.A. This created confusion that led many people to doubt and mistaken the mail as junk or the cards as fraud.

According to a published report in CNBC, several people who received the EIP got confused and threw away the cards. The Consumer Financial Protection Bureau reminded the people who received the card not to throw it away.

"Do not throw this card away. You will need this card to access your Economic Impact Payment," the bureau said on its website. The bureau also provided some instructions and information on how to use the card.

A published article in The U.S. Sun said EIP cards were sent to people who filed their taxes but did not provide any bank account information, and their tax returns were processed at IRS service centers in either Andover, Massachusetts or Austin, Texas.

The fastest way to receive the second stimulus payment if a bill will be passed into law is to give the IRS your bank account information where the money will be deposited directly, and this is better than receiving prepaid debit cards.

It can be recalled that the IRS announced last week that it would be sending 50,000 stimulus checks for those who did not receive the first round of checks under the CARES Act.

The catch-up payments mark the IRS's latest efforts to get missing money to Americans who are still waiting on the stimulus checks.

The government has rushed out millions of payments this spring. However, glitches prevented some individuals from receiving the full amount for which they were entitled.

Other individuals received payments that fell short because the $500 for their children was not included. In recent weeks, the IRS has already begun to correct those situations.

Suppose the stimulus bill will be passed this month and immediately be signed into law, you have to make sure that you have updated your income tax return and provide bank account information for a more effortless transaction.

Currently, the timeline for discussions is up in the air. Talks between Republican and Democratic leaders on the new stimulus package stalled, but the two sides have signaled they are willing to pick up the debate. An agreement is in the picture this month.

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