Comments: 0, eipcard.com (debit card); irs.gov (website). Some people who received a paper check last time may now get a prepaid debit card. Annuity quotes & free retirement income check-up, Guaranteed rate of return on an exclusive 8-month term, Members can save monthly on qualified AT&T wireless plans. Once the card is activated, you can use it anywhere that accepts VISA debit cards, including … Coronavirus Stimulus Round 2: $600 Payments Now in Process: Deposits Start Dec. 30. You can get the same information by calling the toll-free number. IE 11 is not supported. Washington (CNN)The Treasury Department said Monday that it will start issuing some stimulus payments by sending a debit card to people in the mail. receive communications related to AARP volunteering. There is no charge to activate the card. The IRS will mail a letter about the stimulus payment to the individual’s address of record within 15 days after the payment is made. TurboTax and other electronic tax services have been particularly affected. Good news if you're one of the 6 in 10 people set back financially by the pandemic. Until now, payments had been either directly deposited in an individual's bank account or sent as a paper check. It will also waive any initial fee charged to a customer from an earlier date. coronavirus. The latest round of stimulus checks was issued in the form of prepaid debit cards — in plain white envelopes that don't bear any federal markings. again. https://www.cnn.com/2020/05/18/politics/stimulus-payment-debit-card If you lose your card (or accidentally throw it out), you can get a free replacement through MetaBank customer service. The Economic Impact Payment (EIP) cards arrive in envelopes with the return address “Money Network Cardholder Services” from MetaBank in Omaha, Nebraska. The cards are going out to certain eligible taxpayers who filed tax returns but for whom the IRS doesn't have bank account information. No. Eligibility for the payments is largely based on income, and it excludes individuals earning more than $99,000, head of household filers with one child who earn more than $136,500, and married couples without children earning more than $198,000. The IRS sent 4 million payments by prepaid debit cards, or Economic Impact Payment (EIP) cards, as the Treasury Department has dubbed them, during the first set of stimulus payments. In the meantime, please feel free In addition, those with qualifying children will also receive $600 for each qualifying child. Your spending limit is the amount you received for your stimulus payment. Get instant access to discounts, programs, services, and the information you need to benefit every area of your life. Also check your mail closely as, besides checks, the payment could arrive on a debit card. About 4 million payments will be sent on a debit card. You can search for surcharge-free ATMs at EIPCard.com. Others could use an IRS online tool to upload their bank account information or they could wait for a check in the mail. You will need the routing and account number for your bank account. You will get a new EIP card for the second stimulus round; if you got an EIP card for the previous stimulus, the IRS won’t refill it. related to AARP volunteering. The government can't withdraw money from your EIP card. You can also manage your communication preferences by updating your account at anytime. If you’re still waiting for your economic impact payment, … Beware of online phishing scams trying to get your card number and PIN. You must be logged in to leave a comment. When will Puerto Rico, other U.S. territories get stimulus payments? That leaves about 10 million people who are still waiting. During the first round of stimulus payments, many consumers accidentally threw those debit cards away. Instead of a $2,000 payment, this $1,400 payment would be added to the second round… To activate your card, you’ll have to give the last six digits of your Social Security number. Some stimulus payments will be sent on a debit card that looks like this. You can also use your EIP card to pay most bills, get cash back with a PIN debit purchase (where available), buy groceries and get cash from ATMs that carry the Allpoint brand. Many of the last $600 Economic Impact payments came on an EIP 2 debit card. You’ll get a letter with the EIP card telling you how to activate it. | to search for ways to make a difference in your community at Families earning a little more may still be eligible if they have children. Sign up for free “watchdog alerts,” review our scam-tracking map or call our toll-free fraud help line at 877-908-3360 if you or a loved one suspect you’ve been a victim. For the second round of coronavirus stimulus checks, approximately 8 million people will get prepaid debit cards with the $600 instead of direct deposit or checks… Call the toll-free customer service line at 800-240-8100 (TTY: 800-241-9100) to ask for a replacement. The provider’s terms, conditions and policies apply. Financial expert predicts 'a lot of pain' without another stimulus, CDC releases new guidelines for fully vaccinated individuals, 'Defies common sense': Dr. Wen reacts to CDC guidelines, Dr. Gupta examines 'promising' drug that may help Covid-19 effects, Senate sends Covid-19 relief bill back to the House for final vote. In the next 24 hours, you will receive an email to confirm your subscription to receive emails Some aren’t getting a direct deposit or a check… But questions are still swirling, so we tracked down answers that we hope will help you make sense of it all, and so you can plan for the financial boost that may be coming your way. https://www.aarp.org/money/taxes/info-2020/stimulus-payment-debit-cards.html Save 25% when you join AARP and enroll in Automatic Renewal for first year. The new payment will not be added to any debit cards that were sent for the first round of payments. Pre-authorized funds may take up to seven days to be released back to your card account balance, and up to 31 days for car rentals. Check out your member benefits today. You can see your balance and transaction history online any time at EIPCard.com. However, Biden’s American Rescue Plan allocates funds for $1,400 checks for a third stimulus round. The phase-out limit depends on how many children they have. You'll need to provide your name, address and Social Security number. Your card may be declined if you try to spend above the limit, or you may have to use cash to pay the amount over what's in your account. This was anyone who had direct deposit information already on file with the Internal Revenue Service because they were due a refund on either their 2018 or 2019 federal tax returns. The second round of federal stimulus payments have been slow in reaching some bank accounts, and they're causing some confusion. AS the IRS has stopped sending coronavirus stimulus payments via direct deposit, they're now headed to Americans in the mail – by check or prepaid debit card. Please return to AARP.org to learn more about other benefits. Stimulus checks: Who is eligible and how much will they be? If you didn’t get any payments or got less than the full amounts, you may qualify for the Recovery Rebate Credit and must file a 2020 tax return to claim the credit even if you don’t normally file. Stimulus 2.0 — the next round of coronavirus relief checks valued at up to $600 each — might show up in your bank account just in time to cover a weekend splurge. www.aarp.org/volunteer. People can easily transfer the money from their card to an existing bank account online at EIPCard.com. The IRS has already started delivering second-round stimulus checks to millions of Americans who received a first-round payment earlier this year. The agency says the second round of Economic Impact Payments, approved by Congress last month, will arrive either in the form of direct deposit, a paper check or another debit card -- … AARP’s Fraud Watch Network can help you spot and avoid scams. You will also be asked to create a four-digit personal identification number (PIN) required for ATM transactions and automated assistance and to hear your balance. Your EIP card will arrive in an envelope from “Money Network Cardholder Services.” Don’t throw it away thinking it’s junk mail or a scam. 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 … Payments are worth up to $1,200 for individuals, and $2,400 for couples -- plus $500 per dependent. by John Waggoner, AARP, Updated January 8, 2021 They also have the Treasury seal. The IRS encourages people to check their mailboxes carefully in January for their second stimulus payments, particularly if they received their earlier stimulus payment by mail. Beware of websites and social media attempts that request money or personal information and for schemes tied to Economic Impact Payments. If your emergency payment arrives on a debit card – there's still a chance for it to be deposited into your bank own account. You will be asked to register or log in. You can also transfer the money on your EIP card to your bank at EIPCard.com or the Money Network Mobile App, which can be downloaded as an app onto a smart phone. Some may eventually receive their payment via direct deposit, or in the mail through a Authorized by the newly enacted COVID-relief legislation, the second round of payments, or “EIP 2,” is generally $600 for singles and $1,200 for married couples filing a joint return. Low-income people who don't earn enough money to have to file tax returns will still have to submit some information to the IRS, using an. The new payment will not be added to any debit cards that were sent for the first round of payments. Why would you do that? Some people who received a paper check last time may now get a prepaid debit card. Scammers sometimes set up fake customer service numbers to deceive people and take their personal information. Those who can be claimed as a dependent for tax purposes, like many college students, are also ineligible for the payments, as well as undocumented immigrants who don't have Social Security numbers. The direct stimulus payments -- which are worth up to $1,200 per individual and up to $2,400 per couple -- were included in the $2.2 trillion aid package passed in March. Don’t search the Internet for the number. Cards will be deactivated to prevent anyone else from using them, and a replacement card will be ordered. In addition, the IRS says it might send you an EIP card, even if its Get My Payment tool says you’re getting a check. You can generally use your card without a fee to make purchases anywhere Visa debit cards are accepted — in stores, online or over the phone. Be sure to have your card handy when you log in. Nevertheless, for the 4 million people who receive those EIP prepaid debit cards, the money can be a lifeline in the pandemic. If you think someone has made an unauthorized purchase, call the toll-free number. Some people who received paper checks in 2020 might get their stimulus payment via debit card this time, or vice versa. Naturally, where there is money, there are people looking to take it, and your card is no exception. Not Everyone Will Get a Prepaid Debit Card. AARP has heard from members that some people suspect the cards are a fraud or an unsolicited credit card offer, meaning some people have shredded them or thrown them away. Don’t give your personal identification number (PIN), EIP debit card number or Social Security number to anyone who calls or texts you. Check your mail carefully to avoid tossing your EIP card out with your junk mail. Be very careful that you call the correct phone number. AARP Annuity Marketplace powered by Blueprint Income, 8-Month No-Penalty CD from Marcus by Goldman Sachs®. For example, you'll pay 25 cents for each balance inquiry at an ATM, and $2 for each out-of-network withdrawal after your first one. Although most transactions don't charge a fee, a few do. And in some cases, taxpayers may have moved or changed banks since they got their first stimulus checks. The agency sent checks out first to those earning less than $30,000 a year. Call 800-240-8100 (TTY: 800-241-9100) to activate your new card. For cards with more than one name, only the primary cardholder (listed first on the card) may activate the card. The Visa debit card can be activated immediately and can be used to make purchases, to get cash at an ATM or to transfer funds into a bank account without being charged a fee. Instead, it’s a pre-paid debit card. In some cases, such as when you're buying gas, the merchant may put a temporary hold on your card balance — sometimes more than the amount you used to make a purchase. Make sure you have a secure PIN, and don't give it to anyone. Note that you can’t request you receive your stimulus payment by debit card — it either arrives that way or it doesn’t. The agency started by sending money to the people it could reach the fastest. The Visa name will appear on the front of the EIP card; the back of the card has the name of the issuing bank, MetaBank, N.A. En español | If you didn't get paper, you may get plastic from the Internal Revenue Service (IRS) as it continues to dole out stimulus payments. Check your final payment status in Get My Payment. Experts warn of coronavirus superspreader spike, 'This is a burden': Austin business leader on TX lifting restrictions, 'Like a blessing': Chicago program brings vaccine to vulnerable patients, Hear doctor's advice for Detroit mayor's vaccine hesitancy, Moldova first in Europe to get vaccine via COVAX. You can create a user name and password for your card online, at the Money Network site. The first reissued card is free, and after that, there is a $7.50 charge, MetaBank said. You don’t need to know your card number to request a replacement, and you can also request a replacement by calling 800-240-8100 and choosing option 2 from the main menu.
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