While tens of millions of Americans throughout the U.S. received their economic impact payments this week, some have reported glitches – including members of the U.S.
military. USAA, a financial company that caters to military members and veterans, has suspended a policy that had resulted in members having their stimulus checks used to offset existing debts.
In a statement to FOX Business, USAA confirmed that it had paused collection of negative account balances. CORONAVIRUS FAQ: Here’s what you need to know about the COVID-19 outbreak “For members with negative deposit account balances, USAA will pause the collection of a negative account balance existing at the time their stimulus payment was deposited for 90 days,” the spokesperson said.