Stimulus Check Prepaid Debit Card

The agency started delivering the second round of stimulus checks into millions of bank accounts this week providing 600 for each eligible adult and child.

Stimulus check prepaid debit card. 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. Congress approved a 900 billion stimulus package to help americans who have been impacted by the covid 19 pandemic. Formally called eip economic impact payment cards the debit cards are an alternative to receiving a paper check.

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. Starting the week of may 18 eligible recipients began receiving eip cards in the mail. Eip cards are visa branded debit cards issued by the government and stocked with your stimulus check money.

The prepaid debit cards includes a 2 fee for withdrawing money from an out of network atm and 5 fee for getting cash at a bank counter while those who wish to transfer the money on the card to. Your stimulus check may come as an eip debit card. 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.

What is the stimulus check debit card.