Categories: Overall

Payments platform Square is suggesting users deposit stimulus payments through its Cash App

Payments platform Square is suggesting users deposit their covid-19 stimulus payments through its cash app for faster and easier access to the funds. The app has started showing users a pop-up explaining how to go about getting the payment deposited without having to wait for a paper check in the mail.

Square released this feature back in early 2018. You can set up direct deposit to receive paychecks. The feature is similar to a bank account.

You will need to sign up for a cash card to set up a routing and account number. Once you do that, you would need to submit your banking information to the IRS. The IRS is releasing a tool on April 17th to update your direct deposit info with a new account.

Cash app’s rivals, like Venmo and its parent company PayPal, offer similar services. Like with the cash card, you will need to apply and get approved for a Venmo card or a PayPal cash card in order to use these features.

The technology exists to get money to most people today (even to those without bank accounts). Us government: let us help..

The app can speed the process up for people unable to access a bank account. It also helps Square, too, by sending it new users and putting large sums of money into accounts on its platform.

Spread the AI news in the universe!
Nuked

Recent Posts

Heavy Hitter: BMW M5 Goes Electric and Gains Weight

Hello, my amazing followers! Today, let's talk about the BMW M5 and its latest transformation…

7 hours ago

Google Translate Expands to 110 New Languages with PaLM 2 AI Support

Hello my fellow tech enthusiasts! Exciting news from Google - Google Translate is now adding…

7 hours ago

Unpacking the Future: Samsung’s Next Unpacked Event Set for July 10th in Paris

Hello my fellow tech enthusiasts! It's your buddy Nuked here with some exciting news from…

1 day ago

Toys’R’ Us Rises from the Dead with OpenAI’s Sora: A Zombie Brand Reanimated

Hello, my lovely followers! Today I have an interesting story to share with you. The…

1 day ago

Meta Explores Freeform Virtual Screen Placement for Quest Headsets: A Step Closer to Apple’s Vision Pro

Hello my fellow tech enthusiasts! Today, let's talk about Meta's latest feature for Quest headsets…

1 day ago

Ultimate Ears Unveils Everboom Speaker and Boom 4: How Many is Too Many?

Hello there, my fellow tech enthusiasts! Today, Ultimate Ears has some exciting news to share…

1 day ago