Why
am I receiving my Economic Impact Payment on a pre-paid debit card?
am I receiving my Economic Impact Payment on a pre-paid debit card?
On May 18, 2020, Treasury
announced it would begin sending nearly 4
million Economic Impact Payments (EIPs) by prepaid debit card. The pre-paid
debit cards are being sent to certain individuals who have no direct deposit
information on file with the IRS or Department of the Treasury. Those who
receive pre-paid debit cards ordinarily would have received their EIP as a
paper check. However, as part of an effort to get funds to individuals as
quickly as possible, Treasury is processing payments by both check and
pre-paid debit card. Treasury can only process a limited number of paper
checks each week. Using pre-paid debit cards allows millions of
additional payments to be processed at the same time paper checks are printed.
announced it would begin sending nearly 4
million Economic Impact Payments (EIPs) by prepaid debit card. The pre-paid
debit cards are being sent to certain individuals who have no direct deposit
information on file with the IRS or Department of the Treasury. Those who
receive pre-paid debit cards ordinarily would have received their EIP as a
paper check. However, as part of an effort to get funds to individuals as
quickly as possible, Treasury is processing payments by both check and
pre-paid debit card. Treasury can only process a limited number of paper
checks each week. Using pre-paid debit cards allows millions of
additional payments to be processed at the same time paper checks are printed.
How can I use my pre-paid
debit card? Will fees apply?
debit card? Will fees apply?
There are a number of
ways individuals can use their pre-paid debit card without having to pay any
fees or incur any extra charges. This includes using the pre-paid debit card
anywhere a VISA debit/credit card is accepted, obtaining a cash withdrawal at
any in-network ATM, or by transferring funds to a personal bank account through
your pre-paid card’s online account or in person at your bank. You may find
more information on where and how to use your card at: https://www.eipcard.com/faq.
ways individuals can use their pre-paid debit card without having to pay any
fees or incur any extra charges. This includes using the pre-paid debit card
anywhere a VISA debit/credit card is accepted, obtaining a cash withdrawal at
any in-network ATM, or by transferring funds to a personal bank account through
your pre-paid card’s online account or in person at your bank. You may find
more information on where and how to use your card at: https://www.eipcard.com/faq.
What do I do if I am
having trouble using my card or need a replacement card?
having trouble using my card or need a replacement card?
If you are experiencing
difficulty activating your card, using your card for any transactions, or need
to replace a lost or stolen card, you should contact the card’s customer
service line at: 1.800.240.8100
(TTY: 1.800.241.9100). You may find
additional information about your pre-paid debt card at:https://www.eipcard.com/ or
by consulting the information packet that was included along with your pre-paid
debit card.
difficulty activating your card, using your card for any transactions, or need
to replace a lost or stolen card, you should contact the card’s customer
service line at: 1.800.240.8100
(TTY: 1.800.241.9100). You may find
additional information about your pre-paid debt card at:https://www.eipcard.com/ or
by consulting the information packet that was included along with your pre-paid
debit card.
*The
above information was prepared by Republican Finance Committee staff for
informational purposes and should not be relied on for legal advice.
Individuals should consult the IRS or a tax advisor to address questions
related to their specific circumstances.
above information was prepared by Republican Finance Committee staff for
informational purposes and should not be relied on for legal advice.
Individuals should consult the IRS or a tax advisor to address questions
related to their specific circumstances.