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. Like so many other glitches that have plagued the distribution of the stimulus payments, communication has been confusing and conflicting. Like other Americans, inmates and their families are struggling financially. The Visa debit card inside the envelope with your stimulus payment on it will have a blue background with white stars on the front and on the back, it will say it’s issued by MetaBank. Here's how the cards are supposed to work. If you’re still waiting for your economic impact payment, … The IRS will make payments via direct deposit, paper check and prepaid debit cards. Millions of second-round stimulus payments are being sent by the Treasury Department and Internal Revenue … The first step after you receive your card is to activate it. According to the IRS, if your stimulus payment is sent via debit card, it will come in a plain white envelope. Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The Treasury Department and IRS are sending stimulus payments as prepaid debit cards. Activate the card immediately. If that happens, you'll need to call the IRS to either transfer the funds to a new card or get a check. According to the IRS, if your stimulus payment is sent via debit card, it will come in a plain white envelope. https://www.forbes.com/.../21/5-things-to-know-about-stimulus-debit-cards Your economic impact payment prepaid debit card resembles a regular debit card. A STIMULUS warning has been issued as Americans are throwing away their $600 debit cards because the envelopes "look like junk mail." It’s a Visa with a blue background and white stars. And in some cases, taxpayers may have … Not Everyone Will Get a Prepaid Debit Card. Inside, there will be a visa debit card issued from Metabank, N.A. The IRS … Before you can access your Economic Impact Payment, you will first need to activate your card, either online or by phone. The card looks like any other debit card you've seen, and also bears a logo of one of the major credit card such as Visa or Mastercard. FILE PHOTO: Instead of checks like these, some people are getting debit cards for their stimulus payments. The government is sending some people Economic Impact Payment Cards if they qualified for a stimulus payment and the IRS couldn’t direct deposit the payment. The card itself will have the words “VISA” and “DEBIT” on the front and the issuing bank, “MetaBank, N.A.”, on the back and should look like this: How do I activate my card? It usually takes 7-10 days after claim is processed to receive your debit card, although most cards allow you to have it expedited for a fee by calling the issuing bank. Others suspect it's a scam. This card will give you access to your economic impact payment. Answer: Yes, you can use your stimulus check debit card to make purchases at stores that accept Visa® debit cards. Breathtaking engagement drops jaws in SF, Is the California Dream still alive? It will not say the IRS or the Treasury or Washington D.C., which is what most would expect on a stimulus check. 13News consulted with the IRS and Metabank, which is the U.S. Treasury Department’s financial agent, and they verified the cards are legitimate. Folks want their money and they’re waiting for it. 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Why millions of Americans are getting coronavirus stimulus payments on scammy-looking debit cards The federal government is sending out financial aid that looks like … If you haven't received your coronavirus stimulus check yet, it could be arriving in the form of a prepaid debit card. The IRS recently started sending out debit cards with stimulus payments on them, but some people said they threw the cards away because they thought it was a scam. IRS. Unlike the physical stimulus checks, which come in a very official looking letter from the Department of the Treasury - the Economic Impact Payment prepaid debit cards look like … Why millions of Americans are getting coronavirus stimulus payments on scammy-looking debit cards The federal government is sending out financial aid that looks like … What the stimulus check debit card looks like The IRS shared an example EIP Card here. The stimulus funds on your debit card will never expire, but your card itself might. Taxpayers should note that the form of payment for the second mailed EIP may be different than the first mailed EIP. At least $600 depending on your situation. And here’s some important things you need to know about the prepaid debit cards, including what they look like, how they can be used — and where there could be hidden fees. The stimulus payment is loaded on the debit card. Filers who used TurboTax and other electronic tax services have been particularly affected because of an IRS programming glitch that sent payments to wrong accounts. Your Economic Impact Card will come in a plain envelope from “Money Network Cardholder Services” along with important information about the card, instructions for activation, fees, and a note from the U.S. Treasury. Answer: Your stimulus payment debit card will come in a white envelope that prominently displays the U.S. Department of the Treasury seal and includes "Economic Impact Payment Card" … And the debit card inside seemed a little fishy too. The debit cards come in white envelopes with a Treasury Department seal. The cards have a Visa logo on the front and they’ve been issued by MetaBank, which is displayed on the back. The IRS said just because you received a check or a debit card the first time, does’t mean you’ll get payment in the same form this time. It’s a Visa with a blue background and white stars. The IRS shared an example EIP Card here. The IRS does not determine who receives a prepaid debit card. CARES Act stimulus payments for inmates, which were granted after … All Rights Reserved. Taxpayers should note that the form of payment for the second mailed EIP may be different than the first mailed EIP. What Does the EIP Card Look Like? Take a look at the envelope and the card itself and you can see why. There are also a few special perks of the stimulus prepaid debit card that might not be true for most other prepaid cards: If you want to withdraw cash, the ATM surcharge is waived the first time. Some people have confused the debit cards with scams and actually cut them up. It’ll likely come in an envelope with a seal and return address that says “Economic Impact Payment Card, PO Box 27022, Omaha, NE 68124-7022.” Instructions on how to activate it will be included. Just like the first round of stimulus payments under the CARES Act, most eligible Americans will receive the second round by direct deposit. 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 … Your economic impact payment prepaid debit card resembles a regular debit card. What the stimulus check debit card looks like. Here’s what the envelope with it looks like–so keep your eyes peeled. The cards will be mailed soon and are preloaded with the entire amount of the stimulus payment. CORONAVIRUS IRS STIMULUS PAYMENTS ON PREPAID DEBIT CARDS ARRIVING: WHAT TO KNOW. Column: Some people are receiving their coronavirus stimulus payments on prepaid cards, which come in envelopes that easily can be mistaken for junk mail. Here’s what to know if your payment comes in the form of a debit card. It’s a Visa with a blue background and white stars. www.msn.com/en-us/money/.../look-in-the...stimulus-debit-card/ar-BB1cAxh1 For a comparison, direct deposits for second stimulus checks started going out on December 29, 2020. Like the first payment, the debit card stimulus money will probably be able to be used anywhere debit cards are accepted, including in person, online or … The debit card is … A similar scare took place back in the spring when I reported in May that some consumers were throwing away the first round of Visa debit cards that contained stimulus … IRS. 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. The cards can be used just like cash to make payments or used to withdraw cash from an ATM. 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The Dec. 27 stimulus package gave the IRS just 17 days total, including weekends, to legally send out the payments, though some people have reported they received their EIP cards … The debit cards arrive in a plain envelope from "Money Network Cardholder Services." Some will get debit cards. What the stimulus check debit card looks like The IRS shared an example EIP Card here. Last year, many people received their stimulus payment via direct deposit or a check in the mail so these debit cards are going to be new for a lot of people. If you don't, check the mail for a check or debit card… However, many people say the letters and cards look like a scam. Answer: Your stimulus payment debit card will come in a white envelope that prominently displays the U.S. Department of … The IRS does not determine who receives a prepaid debit card. Look for the prepaid card (and its envelope) in the mail. The envelope will be from “Money Network Cardholder Service.” Inside will be a VISA-branded prepaid card issued by MetaBank. Treasury Secretary Steve Mnuchin on Tuesday showed President Donald Trump the new coronavirus stimulus prepaid debit cards that will be sent out to Americans this month. Study finds 7 newly-identified COVID-19 variants in the U.S. Santa Clara Co. to offer saliva-based COVID test at some sites, Must-see proposal! Paper checks followed one day later, and the IRS said that it sent out approximately 8 million prepaid debit cards loaded with stimulus payments. Eight million prepaid debit cards will be sent out this week. The debit card is … Filers who used TurboTax and other electronic tax services have been particularly affected because of an IRS programming glitch that sent payments to wrong accounts. The envelope will be from “Money Network Cardholder Service.” Inside will be a VISA-branded prepaid card issued by MetaBank. The debit cards arrive in a plain envelope from "Money Network Cardholder Services." They're arriving in a plain envelope from "Money Network Cardholder Services." It bears the words "Visa" and "debit" on … This card will give you access to your economic impact payment. Like so many other glitches that have plagued the distribution of the stimulus payments, communication has been confusing and conflicting. The debit cards come in white envelopes with a Treasury Department seal. Here's what the stimulus debit card delivery will look like. Look for the prepaid card (and its envelope) in the mail. The stimulus payment is loaded on the debit card. Inside, there will be a visa debit card issued from Metabank, N.A. But the letter it is attached to does in fact tell you it's your stimulus payment. Here’s what to know if your payment comes in the form of a debit card. The confusion arises because for some the stimulus payment comes in the form of a generic debit card, in a plain white envelope, from a company called … The agency shared an image of what they payments will look like when they arrive. If you haven't received your coronavirus stimulus check yet, it could be arriving in the form of a prepaid debit card. People around the nation are saying much the same thing about their stimulus debit card. In some cases, cards (and checks) may be going out to taxpayers who got the first stimulus payment by direct deposit. By viewing our video content, you are accepting the terms of our. The envelope that they arrive in does not say "Internal Revenue Service" on the return label, but rather "Money Network Cardholder Services". "It makes me suspicious when I get cards in the mail. In some cases, cards (and checks) may be going out to taxpayers who got the first stimulus payment by direct deposit. DALLAS (CBSDFW.COM) – If you haven’t received your stimulus payment yet and you’re expecting to receive it in the mail, the IRS is urging people to be careful not to toss it in the trash thinking it’s junk mail. The cards have a Visa logo on the front and they’ve been issued by MetaBank, which is displayed on the back. ‘It Would Be A Lifeline For Us’: Stimulus Checks Not Getting Into Hands Of Millions Of Low-Income Americans. But those cards may look like junk mail. Who qualifies for working from home tax deductions? It costs a quarter to check your balance at any ATM. Here's what the stimulus debit card delivery will look like. 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Like the first payment, the debit card stimulus money will probably be able to be used anywhere debit cards are accepted, including in person, online or … Eight million payments were issued on debit cards and mailed in plain white envelopes. People are accidentally throwing out their stimulus payments — because they look like junk mail . Copyright © 2021 KGO-TV. Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. What the Debit Cards Look Like. The IRS said just because you received a check or a debit card the first time, does’t mean you’ll get payment in the same form this time. AARP said some of its members did toss their payments after mistaking the envelopes for scams. Now, nearly 4 million Americans are being sent stimulus checks by prepaid debit card instead of paper check, according to the Internal Revenue Service. Starting the week of May 18, eligible recipients began receiving EIP cards … RICHMOND, Calif. (KGO) -- Millions of Americans are now receiving their $600 stimulus payments -- but many are skeptical about what they're getting in the mail. Many mistake it for junk mail. Some people have confused the debit cards with scams and actually cut them up. EIP cards are Visa-branded debit cards issued by the government and stocked with your stimulus check money. Stimulus checks have been sent out to millions of people, but many will actually be getting their payment via an economic impact payment card in an envelope from the IRS. It bears the words "Visa" and "debit" on the front and the issuing … I get them a lot from different credit card companies," said Peterson. Some people will get checks. The card doesn't have any stimulus or IRS or US Treasury markings on it. People are accidentally throwing out their stimulus payments — because they look like junk mail . Question: What will my EIP Card look like? (Eric Gay/AP) But those cards may look like … Activate the card immediately. Millions of Americans have received economic impact payments, or stimulus checks, via direct deposit in their bank accounts. Cash withdrawals at in-network ATMs are free, but there is a $2 fee for using an out-of-network machine, after a free initial one. ©2021 CBS Broadcasting Inc. All Rights Reserved. The IRS is in the process of sending out about 4 million economic impact payments loaded onto prepaid debit cards – but Americans may not recognize the stimulus cash when they see it. It’ll likely come in an envelope with a seal and return address that says “Economic Impact Payment Card, PO Box 27022, Omaha, NE 68124-7022.” The envelope that they arrive in does not say "Internal Revenue Service" on the return label, but rather "Money Network Cardholder Services".