Prepaid Debit Card For Stimulus Check

An economic impact payment card is a prepaid debit card that the us treasury used to distribute some stimulus payments under the march cares act instead of direct deposit or a paper check.

Prepaid debit card for stimulus check. The treasury department on monday announced plans to deliver prepaid visa debit cards formally called eip cards and issued by metabank to people who qualify for a stimulus check but didn t give. The tax agency also said it has changed the envelopes to make it more evident that they. The debit cards follow millions of payments already made via direct deposit and paper checks being mailed per cbs news.

The card is called an economic impact payment or eip. About 8 million americans will receive their second stimulus check or economic impact payment via prepaid debit card. However this is not the first time using prepaid debit cards for stimulus payments has been suggested.

About 4 million americans can expect to receive their stimulus payments through a prepaid debit card in the coming weeks the irs has said. The irs said it is mailing 8 million prepaid visa debit cards loaded with a federal stimulus payment advising people to keep an eye open for the envelopes if the funds aren t directly deposited in their bank accounts. The treasury department and the internal revenue service announced they had begun sending approximately 8 million prepaid debit cards as second stimulus payments.

For the 1 200 stimulus check associated with the cares act the irs set a deadline of may 13th if you wanted to enter your direct deposit information. The cards known as economic impact payment eip cards could go to anyone. The prepaid debit card called the economic impact payment card is sponsored by the bureau of the fiscal service and is issued by treasury s financial agent metabank n a.

If you missed that deadline your check may.