If you're waiting on that stimulus check to make ends meet, Business Insider has a warning. <br />According to a a report from the Prospect, coronavirus relief checks can be seized by your bank and used to pay off debts or fees, if they are owed. <br />Although lawmakers exempted the checks from being used to pay off federal or state agency related debts, that does not exclude private debt collection.<br />Based on audio cited in The Prospect's report, the U.S. Treasury Department does not dispute that banks can grab the payments.<br />A Treasury Department official explained "There's nothing in the law that precludes that action."<br />The stimulus checks are already being sent to Americans through direct deposit.<br />The government approved giving about $1,200 to most Americans, depending on their income.
