Chamber Ways and Means Committee member Brad Wenstrup, R-Ohio, talks about the stalemate of coronavirus stimulation in Congress.
Venmo has launched a new feature that allows users to cash printed, payroll and government checks directly from their smartphone to their accounts.
With the new “Cash a Check” feature, eligible US Venmo customers who receive a government stimulus check in the coming weeks will be able to send it directly to their account through the app, according to the company.
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Users will be able to take a picture of a check they wish to cash and send it for review using the Venmo app. According to the company, the process usually takes a few seconds, although it can take up to an hour to verify the check information before it is approved. However, unapproved checks will not be processed and funds will not be received through Venmo.
Darrell Esch, senior vice president at Venmo, said the move will help eliminate the need to physically go to a check cashing location and wait in line with others as the number of COVID-19 cases increases.
“We know that, with health and safety in mind for many, having a secure way to access stimulus payments is essential for many of our customers, especially those who receive paper checks and traditionally have to visit a physical location to cash checks, “he said.
HERE IS WHEN YOUR SECOND STIMULUS CHECK ARRIVES
For a limited time, the company is also waiving any fees associated with the use of checks issued by the government to “ensure that customers can use their stimulus funds to pay for the things they need most,” said Esch.
The appeal comes as eligible Americans across the country await another round of government relief.
US Treasury Secretary Steven Mnuchin announced that the government started sending paper checks for an additional payment of $ 600 last Wednesday, which means that people should start receiving them next week if they do. have not yet done so.
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“We are always looking for new ways to make it easier for our community to access and manage their money, especially as people continue to experience financial difficulties in the midst of the global pandemic,” said Esch.
If an individual has direct deposit information filed with the IRS, they should receive their money even faster.