{"id":404884,"date":"2020-12-22T18:07:32","date_gmt":"2020-12-22T23:07:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404884"},"modified":"2020-12-22T18:07:32","modified_gmt":"2020-12-22T23:07:32","slug":"paypal-check-cashing-fees-waived-for-second-round-of-government-issued-stimulus-checks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-check-cashing-fees-waived-for-second-round-of-government-issued-stimulus-checks\/","title":{"rendered":"PayPal Check-Cashing Fees Waived For Second Round Of Government-Issued Stimulus Checks"},"content":{"rendered":"
\n

PayPal customers can cash their second round of government-issued paper stimulus checks remotely, typically within minutes, free-of-charge using the PayPal app cash-a-check feature<\/h2>\n

PayPal & Venmo customers who received their first stimulus check through PayPal or Venmo will automatically receive their payments through Direct Deposit again<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN JOSE, Calif.<\/span>, Dec.\u00a022, 2020 \/PRNewswire\/ —\u00a0With the\u00a0recent\u00a0passage of the\u00a0second\u00a0COVID-19 relief bill which included stimulus payments for individuals, PayPal\u00a0Holdings, Inc. (NASDAQ: PYPL)\u00a0has today announced that\u00a0check-cashing\u00a0fees associated with the PayPal cash-a-check feature\u00a0are being waived\u00a0for government stimulus paper check recipients, enabling more customers to access their funds usually within minutes, from the safety of their own home, free of charge.\u00a0<\/p>\n

\n

\n
\n \"PayPal
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Additionally, those customers who used the PayPal or Venmo Direct Deposit feature to receive a stimulus payment in the first round of stimulus payments earlier in 2020 will\u00a0automatically\u00a0receive their payment directly through PayPal or Venmo\u00a0again, if they’re eligible for a second payment.\u00a0The\u00a0IRS\u00a0has advised\u00a0that the\u00a0original\u00a0Direct\u00a0Deposit\u00a0details on file will\u00a0again\u00a0be utilized to issue this round of stimulus payments.\u00a0\u00a0<\/p>\n

“In the first wave of the government’s\u00a0stimulus payments\u00a0in April and May, we saw an incredible number of customers look to PayPal as a way to receive their stimulus payment quickly and securely, either through Direct Deposit or using the PayPal cash-a-check feature,” said John Kunze,\u00a0Senior\u00a0Vice\u00a0President of\u00a0Branded Experiences, PayPal.\u00a0“With the next round of payments to individuals coming soon,\u00a0customers receiving a government-issued\u00a0paper\u00a0stimulus check over the coming weeks will be able to cash their check without visiting a physical check-cashing location, simply by taking a picture of the check within the app\u00a0to\u00a0receive the funds quickly and easily.”\u00a0<\/p>\n

Additionally,\u00a0the\u00a0usual\u00a0fees\u00a0associated with instant\u00a0funds access\u00a0will now be\u00a0waived for all government-issued stimulus checks processed within the PayPal app\u00a0using\u00a0the\u00a0cash-a-check feature, so customers can access\u00a0their\u00a0funds\u00a0typically\u00a0within minutes of cashing their check, without compromising their health and\u00a0safety.*\u00a0\u00a0\u00a0<\/p>\n

\n
\n Using PayPal’s cash-a-check feature from the safety of your home<\/u>
\n <\/b>\u00a0
The PayPal cash-a-check feature allows customers to cash checks and have them sent to a\u202fPayPal Cash Plus account.\u00a0If they haven’t already, customers can apply for a PayPal Cash Plus account within the app or online.\u00a0\u00a0<\/p>\n

Using\u00a0the fast-access\u00a0cash-a-check\u00a0feature\u00a0is simple \u2013 customers in the US can take a picture of the check they want to\u00a0cash, and\u00a0send it for review using the PayPal app on a mobile device, rather than visiting a physical check-cashing location. Reviewing a check for approval usually takes a few seconds, although it can take 3-5 minutes and in rare circumstances, up to an hour to verify enough check information to make an approval decision.\u202f\u00a0<\/p>\n

If the check is approved, customers can have the money transferred to a PayPal Cash Plus account in minutes, with the fees associated with instant disbursement waived for all government-issued stimulus checks processed within the PayPal app.\u202f Step-by-step directions on using PayPal cash-a-check\u202fcan be found here.<\/a><\/u>\u202fFees will be waived for a limited time only. Checks which aren’t approved will not be processed and funds will not be received through PayPal. For best performance, customers should have the latest version of the PayPal app installed and running the latest operating system on their mobile device.\u00a0<\/p>\n

\n
\n
\n About the PayPal cash-a-check feature:<\/u>
\n <\/i>
\n <\/b>\u00a0
*Limited availability. Terms apply<\/i>.\u00a0For more details, visit\u202fwww.ingomoney.com\/partners\/paypal-terms-conditions<\/a><\/u>.\u00a0The cash-a-check feature is a service provided by First Century Bank, N.A. and Ingo Money<\/span>, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions and Privacy Policy. Fees and terms apply. All checks subject to review for approval. Unapproved checks will not be funded to your account.\u00a0<\/i>\u00a0<\/p>\n

\n Limited to Direct Deposit of a federal or state check, where permitted under applicable law. For up-to-date information from the IRS, visit\u202fwww.irs.gov\/stimulus<\/a><\/u>.\u00a0Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies, versus adding funds electronically using Direct Deposit. Direct Deposit and earlier availability of funds is subject to payer’s support of the feature and timing of payer’s funding.<\/i>\u00a0<\/p>\n

\n About PayPal<\/b>\u00a0\u00a0
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 350 million consumer and merchants\u00a0in more than 200 markets to join and thrive in the global economy. For more information, visit\u00a0paypal.com<\/a><\/u>.\u00a0\u00a0<\/p>\n

\n Media Relations Contact<\/b>\u00a0
Tom Hunter<\/span><\/i>
thhunter@paypal.com<\/a>\u00a0 <\/i><\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/paypal-check-cashing-fees-waived-for-second-round-of-government-issued-stimulus-checks-301197847.html<\/a><\/p>\n

SOURCE PayPal Holdings, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PayPal customers can cash their second round of government-issued paper stimulus checks remotely, typically within minutes, free-of-charge using the PayPal app cash-a-check feature PayPal & Venmo customers who received their first stimulus check through PayPal or Venmo will automatically receive their payments through Direct Deposit again PR Newswire SAN JOSE, Calif., Dec.\u00a022, 2020 \/PRNewswire\/ —\u00a0With the\u00a0recent\u00a0passage of the\u00a0second\u00a0COVID-19 relief bill which included stimulus payments for individuals, PayPal\u00a0Holdings, Inc. (NASDAQ: PYPL)\u00a0has today announced that\u00a0check-cashing\u00a0fees associated with the PayPal cash-a-check feature\u00a0are being waived\u00a0for government stimulus paper check recipients, enabling more customers to access their funds usually within minutes, from the safety of their own home, free of charge.\u00a0 Additionally, those customers who used the PayPal or Venmo Direct Deposit feature to receive … <\/p>\n

Continue reading “PayPal Check-Cashing Fees Waived For Second Round Of Government-Issued Stimulus Checks”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404884","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPayPal Check-Cashing Fees Waived For Second Round Of Government-Issued Stimulus Checks - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-check-cashing-fees-waived-for-second-round-of-government-issued-stimulus-checks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal Check-Cashing Fees Waived For Second Round Of Government-Issued Stimulus Checks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PayPal customers can cash their second round of government-issued paper stimulus checks remotely, typically within minutes, free-of-charge using the PayPal app cash-a-check feature PayPal & Venmo customers who received their first stimulus check through PayPal or Venmo will automatically receive their payments through Direct Deposit again PR Newswire SAN JOSE, Calif., Dec.\u00a022, 2020 \/PRNewswire\/ —\u00a0With the\u00a0recent\u00a0passage of the\u00a0second\u00a0COVID-19 relief bill which included stimulus payments for individuals, PayPal\u00a0Holdings, Inc. 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