Why did I receive a debit card for my stimulus payment?
Why did I receive a debit card for my stimulus payment?
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People who receive debit cards or paper checks are those who didn’t provide bank information on their 2019 or 2020 tax returns in order to get a refund or didn’t register through the IRS nonfilers tool by November 21. Other names for stimulus checks include Economic Impact Payments and the Recovery Rebate Credit.
Is economic impact payment card legitimate?
The Better Business Bureau has been receiving complaints from people skeptical about these cards, wondering if they’re part of a scam. As it turns out, they’re completely legitimate. They’re called Economic Impact Payment (EIP) cards and they’re loaded with your stimulus money.
Who gets an economic impact payment card?
These cards are being issued to eligible recipients across all 50 states and the District of Columbia. Residents of the western United States are generally more likely to receive an EIP Card. People can check the status of their payment using the Get My Payment tool on IRS.gov.
How do I use my economic impact payment card?
How do I use the EIP Card with no fee1? ( updated March 17, 2021)
- Make signature or PIN-debit purchases anywhere Visa Debit Cards are accepted — in stores, online or over the phone.
- Get cash back with a PIN debit purchase, where available.
What is the economic impact payment?
The Economic Impact Payment is considered an advance credit against 2020 tax. It will not reduce a taxpayer’s refund or increase the amount of tax a taxpayer owes when the taxpayer files a 2020 Federal income tax return next year. Individuals should keep the letter they will receive by mail for their tax records.
How does the economic impact payment card work?
An economic impact payment card is a prepaid debit card that the US Treasury has used to distribute stimulus payments, in addition to paper checks and direct deposit. These Visa debit cards can be used to make purchases, get cash from in-network ATMs and transfer funds to your personal bank account without a fee.
How long does it take for GO2bank card to arrive?
about 7-10 days
You will receive your debit card about 7-10 days after you open your account.
How do I Activate my economic impact payment card?
Before you can access your Economic Impact Payment, you will first need to activate your card, either online or by phone. You will receive only one card for your household and the primary cardholder must activate the card. If you are the primary cardholder:
When did the second economic impact card come out?
The EIP cards were originally mailed in early January 2021 to about 1.4 million people who were eligible for a second Economic Impact Payment and would have otherwise received a check. The EIP cards were issued by MetaBank®, N.A. and came in a plain envelope from Money Network Cardholder Services.
How to use the money network economic impact card?
Call Customer Service at 1.800.240.8100 Your EIP Card provides you with quick and easy access You can use your EIP Card to make purchases where Visa ® Debit is accepted — in stores, online or by phone. Access your stimulus payment with confidence
Who is the sponsor of the economic impact payment card?
The Economic Impact Payment Card is sponsored by the Treasury Department’s Bureau of the Fiscal Service, managed by Money Network Financial, LLC and issued by Treasury’s financial agent, MetaBank®, N.A.
Before you can access your Economic Impact Payment, you will first need to activate your card, either online or by phone. You will receive only one card for your household and the primary cardholder must activate the card. If you are the primary cardholder:
Call Customer Service at 1.800.240.8100 Your EIP Card provides you with quick and easy access You can use your EIP Card to make purchases where Visa ® Debit is accepted — in stores, online or by phone. Access your stimulus payment with confidence
How to register for the second economic impact payment?
Register for online or mobile app access by going to EIPCard.com or the Money Network Mobile App and click on “Register.” Follow the steps to create your user ID and password. Be sure to have your EIP Card handy.
The EIP cards were originally mailed in early January 2021 to about 1.4 million people who were eligible for a second Economic Impact Payment and would have otherwise received a check. The EIP cards were issued by MetaBank®, N.A. and came in a plain envelope from Money Network Cardholder Services.