None of the debit cards are reloadable, the IRS said. You will receive a new debit card with the latest stimulus payment.

Who is issuing the stimulus debit cards?

Meta Bank
If you qualify for an Economic Impact Payment, the government might mail you your money on a prepaid VISA debit card issued by Meta Bank. Starting the week of May 18th, approximately 4 million eligible recipients of Economic Impact Payments (EIP) will receive an EIP Card in the mail.

Can a prepaid debit card be used for a stimulus check?

Approximately four million Americans will receive their coronavirus stimulus check in the form of a prepaid debit card. “Prepaid debit cards are secure, easy to use and allow us to deliver Americans their money quickly,” Treasury Secretary Steve Mnuchin said in a statement last month.

How many people will get stimulus payments via debit card?

Around 4 million Americans will be sent their stimulus payments via prepaid debit card. The IRS has sent out more than 140 million economic impact payments guaranteed by the CARES Act.

What’s the name of the bank that makes the stimulus cards?

However, there’s been confusion around the cards, which arrive in a plain envelope from “Money Network Cardholder Services,” with the name of the issuing bank, MetaBank, N.A., on the back. Some people, expecting their economic impact payment in the form of a check or direct deposit, are mistaking the mail as junk or the cards as a fraud.

What happens if you lose your stimulus debit card?

If you mistake your card for junk mail and toss it, or if it’s lost or stolen at any time, you can get a replacement by calling customer service at 1- (800)-240-8100. Your card will be deactivated and a replacement will be sent to you. Your first reissued card will be free — after that, a $7.50 fee will be applied for each additional reissued card.