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EIP Debit Card Photo courtesy U.S. Treasury

Nearly four million people are being sent their coronavirus relief Economic Impact Payment (EIP) to their mailboxes as a prepaid debit card instead of paper check. The government is sending people Economic Impact Payment Cards if they qualified for a stimulus payment and the IRS couldn't direct deposit the payment. The return address is listed as 'Money Network Cardholder Services,' without indication it's from the government/U.S. Treasury.

Sadly, some folks have thought the cards were junk mail or a scam and have discarded them by mistake. To help taxpayers identify the cards, the IRS says the cards will bear the Visa logo and are issued by MetaBank. A letter included with the cards explains that they are the Economic Impact Payment (EIP) Card.

Those who receive their Economic Impact Payment by prepaid debit card can do the following without any fees.
• Make purchases online and at any retail location where Visa is accepted
• Get cash from in-network ATMs
• Transfer funds to their personal bank account
• Check their card balance online, by mobile app or by phone

This free, prepaid card also provides consumer protections available to traditional bank account owners, including protection against fraud, loss and other errors.

Related Links Economic Impact Payment (EIP) card www.eipcard.com