Stretch Your Dollar: Keeping an eye out for scams when waiting for your stimulus money

Stretch Your Dollar

The checks haven’t even been printed yet, but scammers are already eyeing your stimulus money. We’re stretching your dollar with reminders on how to protect yourself.

Before you’ve even gotten your stimulus check, awarning from the FBI and several state attorney generals – Don’t fall victim to phone calls, texts, emails or websites that ask for personal or financial information in order to receive your federal payment.

Officials say that includes paying someone who calls with a promise to expedite or obtain a payment or loan for you. If you’re eligible for relief, you do not need to make any upfront payment or pay a fee to receive your stimulus check.

People who file tax returns electronically and provide the IRS with their bank information will likely get their payments earlier through direct deposit.

Paper checks are expected to take longer to mail out. You’ll receive a notice by mail no later than 15 days after the payment was distributed detailing the amount, how it was sent, and an IRS phone number to call if the funds fail to arrive

Most Americans will receive up to 1,200.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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