Why are they sending EIP cards?
Joseph Russell
The IRS is sending prepaid debit cards to certain eligible taxpayers who filed tax returns but for whom the IRS doesn’t have bank account information. 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., of Omaha, Nebraska.
What does the EIP card look like in the mail?
Your Economic Impact Payment (EIP) Card will be sent in the mail via the United States Postal Service (USPS). The Stimulus Debit Card Envelope is white and displays the U.S. Treasury Seal and “Economic Impact Payment Card” return address. The Stimulus Debit Card envelope states that it is not a bill or advertisement.
Is the EIP card a legitimate credit card?
Is the EIP Card legitimate? Yes, 100% it is. The EIP Card scam is pulled by crooks making use of the buzz and its novelty. According to the Government, “Cardholders can make purchases online or in-stores anywhere Visa Debit Cards are accepted.”
Why is the IRS mailing out EIP cards?
The distribution of EIP Cards this month follows the millions of payments made by direct deposit already, as well as the ongoing mailing of paper checks. They are part of the Treasury’s and is IRS’s plan to deliver Economic Impact Payments as soon as possible.
How many EIP checks have been mailed out?
Most EIPs have been sent either by direct bank deposit or as a paper check, but the Treasury and the IRS revealed earlier this month that they had begun mailing out around four million checks in the form of prepaid debit cards.
How to send an economic impact payment card?
If you receive an Economic Impact Payment Card, it will arrive in a plain envelope from “Money Network Cardholder Services.” The Visa name will appear on the front of the Card; the back of the Card has the name of the issuing bank, MetaBank®, N.A. Information included with the Card will explain that the card is your Economic Impact Payment Card.