The IRS is rapidly issuing the CARES Act recovery rebate of $1,200 per adult and $500 per child. While many are getting their checks by direct deposit, millions will be receiving a paper check in the mail.
The IRS is mailing paper stimulus checks when the agency can’t make an electronic deposit. An FDIC survey in 2017 estimated that 25% of U.S. households are “unbanked” or “underbanked.”
If this describes you or someone you know, what can you do? Where can you cash your stimulus check if you don’t already have a checking account?
You have several local options to cash your stimulus check without opening a bank account.
Read the complete article at forbes.com