Treasury Launches Debit Cards For Tax Refunds

Americans without bank accounts may soon be able to carry debit cards.The Treasury Department is rolling out a new program to let people collect tax refunds on government-issued debit cards, rather than via checks sent in the mail, the gover…

Americans without bank accounts may soon be able to carry debit cards.

The Treasury Department is rolling out a new program to let people collect tax refunds on government-issued debit cards, rather than via checks sent in the mail, the government announced Tuesday. By allowing consumers to collect their refunds electronically, the new program would prevent Americans from leaning on expensive check-cashing services to access their tax refunds.

Read More…