What precisely is an EIP card, and how does it relate to a? Can I receive the in a different form if a ?
These are all questions you may have and we’ll answer them here. Basically, an Economic Impact Payment card is one of three forms ofsent by the IRS to about 4 million Americans, rather than a physical check or . If a , it’s likely that the IRS will make several million payments to using the same method — keep reading to find out if you’ll receive your payment this way.
To estimate, take a look at , and here’s . We update this story periodically.
What is an EIP card?
An Economic Impact Payment card is a prepaid debit card that the Treasury Department has used to distribute some stimulus payments under the, instead of an electronic monetary transfer or paper checks. The cards were provided to some eligible US residents for whom the government didn’t have banking information.
These Visa debit cards can be used to make purchases, get cash from in-network ATMs and transfer funds to your personal bank account without a fee.
If you’re sent one, after the card arrives, head to the EIP card website to activate it and learn more about how to use it.
Why some people received an EIP card instead of a check
Those who were eligible received the first stimulus payment by EIP card instead of by check if they filed their taxes but the IRS didn’t have their bank account information on hand, and if the tax return was processed by IRS service centers in either Andover, Massachusetts, or Austin, Texas, according to a Treasury press release. It isn’t clear what the significance is of those particular service centers, but we’ve asked the Treasury for more information.
If a second stimulus bill does get approved, you mayyou did the first time around — so if you received an EIP card, you’ll probably get another one. It may be that if you have new banking information to provide, you could receive your payment a different way.
How much stimulus money comes on the card?
Getting your payment via an EIP card won’t change anything about that calculation or the amount you could get — it’s just a different format of the same payment.
Once a, if it includes a stimulus payment, the amount of money you would get in a second stimulus payment (whether it comes in the form of , mailed check or EIP card) , from your tax filings, along with your filing status (single versus joint) and how many dependents you have. The maximum amount a single taxpayer could get is $1,200.
Find out. You can also find out and . Here’s and the stimulus check situation for , people in the , and people .
How long might it take to get an EIP card if a second stimulus check is approved?
If another coronavirus relief bill with a second stimulus payment is passed, it could likely takethan by . When the CARES Act was passed in March, the first EIP cards didn’t start going out until mid-May. But it’s possible that it will be faster this time, since the infrastructure is already in place. We just don’t know yet.
Once a second stimulus payment is approved, you’ll be able to track your money (in whatever form it will take) using the same IRS tool you can use to. If you’re still waiting for the first check, here’s and find possible .
How does the IRS deliver the EIP card?
If you’re eligible, your EIP card will arrive at the address listed on your last tax return in an unmarked envelope from “Money Network Cardholder Services.” Because it wasn’t clearly marked, some peoplewithout opening it during the first round of stimulus payments.
Payment cards are often sent in plain envelopes to deter fraud and thieves. It’s unclear if the IRS would send a second payment in an unmarked envelope as well.
If you moved, you’ll need to.
What if I’d rather get the money directly deposited instead of an EIP card?
If you have a bank account, this is everything we know about. If the IRS has your bank account information on hand, it will be more likely you’d get the payment by direct deposit instead of an EIP card. Since the first stimulus checks were sent, there has been greater effort to help people who don’t have bank accounts get one for this purpose.
Will the IRS let me know if it’s sending an EIP card?
With the first stimulus payments, the IRS sent a letter about your money to your last known address within 15 days after the payment was made. The letter included information on how you got the money (check or direct deposit or EIP card), and how to report it if you didn’t receive the payment. But watch out: There have been a lot ofgoing around. Visit IRS.gov before giving anyone your information to make sure your letter is legitimate.
What should I do if I lose my EIP card or it gets destroyed?
Don’t worry. If you’ve lost or destroyed your EIP card, you can request a free replacement through MetaBank Customer Service. The replacement fee will be waived the first time.
You don’t need to know your card number to request a replacement. Just call 800-240-8100, and choose the second option from the main menu, according to the IRS website.
For more, find out if you’reand .