Payments platform, Square says US citizen and permanent residents who do not have access to a traditional bank account can now receive their COVID-19 stimulus payments using its Cash App for faster and easier access to the funds.
Square is also now displaying a pop-up explaining how to get the stimulus payments to users in-App.
After the IRS had said citizens and permanent residents who had not filed a tax return in 2019 were eligible for the fund, Square began integrating a new feature in the App to allow its users to receive their stimulus package directly into their Cash App accounts.
The company in a statement said:
“Cash App now offers routing and account numbers that you can use to deposit your stimulus payment directly to your Cash App balance.”
To receive the payments according to Cash App’s official blog, Users should:
- Tap the Banking tab on the bottom left of your Cash App home screen
- Then, activate the free Cash Card
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Square CEO, Jack Dorsey also tweeted that Cash App could help receive the payments.
Get your $1,200 even if you didn’t file a tax return in 2019 https://t.co/sM5VWkev5b
— jack (@jack) April 10, 2020
The United States $2 trillion stimulus package
The US Congress passed the Coronavirus Aid, Relief, and Economic Security Act in March 2020. The Act is a $2 trillion stimulus package with the aim of providing financial relief to citizens undergoing financial hardship amid the COVID-19 pandemic.
These stimulus checks are now in the process of being deposited directly into US citizens’ bank accounts. However, it requires that they have made a certain amount of money in 2019 or to have filed a federal income tax return.
Square is offering the Cash App alternative for those who are not in that category to receive their stimulus payments.
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