Fees from check-cashing services siphoned off $66 million from the first round of stimulus money Americans received last year to help weather the financial upheaval caused by the global pandemic. Most Americans got $1,200 when Congress passed the CARES or Coronavirus Aid, Relief, and Economic Security Act. But a report by the Financial Health Network estimated nearly 10% of recipients who received paper checks — instead of a direct deposit
Credit is money that you borrow and pay back over time with interest.Your credit history is a record of what you have borrowed and how you have repaid it. Paying your creditors on time will help you to build a good credit record. Late or sporadic payments will result in a poor credit report. In
Don’t fall prey to Coronavirus tricks; retirees among potential targets The IRS and its Criminal Investigation Division have seen a wave of new and evolving phishing schemes against taxpayers. In most cases, the IRS will deposit economic impact payments into the direct deposit account listed on previously provided on tax returns. If the IRS does
The US Treasury and the IRS have launched a new tool to help people who don’t normally file their taxes get their Economic Impact Payments.*NOTE: this feature is available only on IRS.gov. How do I use the Non-Filers: Enter Payment Info tool? Visit www.IRS.gov and click on ‘Non-filers: Enter Payment Info Here‘ or click here to access.
Bank On Greater Milwaukee is encouraging Milwaukee-area residents to open a Bank On certified account to have a safe place to deposit economic impact payments, unemployment incomes and tax refunds. Account holders can access mobile banking, direct deposit, bill pay, ATM’s and more through area banks and credit unions they are already familiar with. See