By Lorie Konish - CNBC + Acorns
If you are still waiting for your
$ 1,400 aid check
, it could be waiting for you in your mailbox.
The federal government announced last week that it had sent a sixth batch of stimulus payments against the crisis caused by the coronavirus pandemic.
This time, it included more paper checks than direct deposits.
Of the two million checks sent recently,
nearly 1.1 million were written on paper
, while 900,000 were distributed by direct deposit.
The $ 1,400 stimulus checks were approved by Congress in March.
Since then, the government has sent some 161 million payments worth more than $ 379 billion.
[Biden unveils plan that seeks to expand the child tax credit of up to $ 3,600 through 2025]
Help is up to $ 1,400 per person, including dependents, as long as they meet certain income thresholds and other requirements.
To get payments to people faster, the IRS
uses direct deposit when possible
.
But for this, the tax agency must have the data of the person's bank account on file.
Home Buying by Latinos Reaches Record Numbers in 2020 Despite Pandemic
April 26, 202101: 48
If someone's bank account has been closed, for example, their payment will be reissued to
arrive in the mail
.
About where the IRS sends IRS stimulus payment
The IRS has posted pictures of what people should look for this time in the mail.
[Families will receive a new stimulus for children of up to $ 3,600. What should you do with that money?]
However, not all payments sent by mail will come in the form of paper checks.
Some people will receive a prepaid debit card.
Please note that debit cards used for previous payments will not be reloaded, instead
new cards will be issued
.
Some people mistook payments sent in the mail last year for junk mail and threw them away.
IRS stimulus Visa debit card
[Here's what to do with your money during the economic recovery, experts say]
The IRS released
a sample image of the envelope that is expected in the mail
.
The United States Treasury seal will appear prominently on it.
Debit cards will have the Visa name on the front and MetaBank NA, which issues the cards, on the back.
This article is part of the Invest in You Ready series. Set. Grow (Invest in you: Ready. Done. Grow), an initiative of CNBC and Acorns, the microinvestment app. NBC Universal and Comcast Ventures are Acorns investors.
