. That’s great news for anyone receiving (including ) through — starting Monday you can even . But what does it mean for the millions of people who don’t have direct deposit set up with the IRS?
This group will receive their Economic Impact Payment debit card. The IRS has so far sent 12 millions payments this way, and the method isn’t without its confusion or complications.funds in the mail as or as something called an
Read on for more information about getting your stimulus payment in the form of an EIP card, and how to use it if one. Additionally, here’s how to , what you need to know about and , and .
What is an EIP card, and how does it work with stimulus checks?
An economic impact payment card is a prepaid debit card that the US Treasury has used to distribute stimulus payments, in addition to paper checks and. The cards were provided to some the government didn’t have banking information for, but it isn’t clear why you might get an EIP card instead of a check, or vice versa.
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.
When will my EIP card arrive?
The IRS is already sending out stimulus checks through direct deposit. With the first two rounds of checks, EIP cards were the last to go out. In addition, they typically take longer to arrive. People who receive EIP cards are unfortunately often in the last batch to receive a payment. Here’s, and . The IRS tool will also tell you how your money will arrive. Here’s how you can .
If I got an EIP card before, will I get a new EIP card now?
If the IRS sent a previous stimulus check as an EIP card, and plans to send you another payment the same way, you’ll receive a brand-new prepaid card with the said.. The IRS won’t add money to any previous card you may have, the agency
How do I know if my third stimulus payment will arrive as an EIP card?
If you got an EIP card last time, does that mean you’ll get your money the same way with the third stimulus check? Not necessarily. With the second round, the IRS sent double the number of EIP cards. This time, your payment could arrive as a paper check or through direct deposit, if the IRS has your bank account information on file.
One new wrinkle this time around: The third round’s checks are going out. The IRS is using your most recent tax return it has on file, which , to .
What will my EIP card look like when it’s delivered?
If you’reand get that payment via EIP card, it’ll arrive at the address listed on your last tax return, in a white envelope marked with the US Department of the Treasury seal. The card will have the Visa name on the front and the issuing bank, MetaBank N.A., on the back. Some literature will identify the card as the economic impact payment.
Note that if you moved, you’ll need to after three years.. The card expires
During the first round of stimulus payments, because the envelope containing the first payment’s EIP card wasn’t clearly marked, some peoplewithout opening it. (If you think this happened to you, we’ve got tips on how to get your payment, below.)
How much stimulus money can be loaded onto an EIP card at a time?
Getting your stimulus payment via an EIP card wouldn’t change anything about— it’s just a different format for the same payment.
The amount of money you’d be allotted in adepends on , from your tax filings, along with your filing status (single versus joint) and how many you have. The maximum amount any single tax filer could get is . However, this which — .
You can also find out, how old a and the stimulus check situation for , people in the , and people .
I was supposed to get an EIP card for first or second stimulus check, but it never came. What should I do?
If your first or second stimulus check (in any form) never arrived, you’ll have to claim it as awhen you file your , now through the . You’ll have to file your taxes to claim any missing stimulus money, even if who typically don’t have to do so. In some cases — like if you received that it sent your money, but your EIP card never arrived — you may have to .
Will the IRS let me know that my EIP card is en route to my house?
With the first two stimulus payments, the IRS IRS.gov before giving anyone your information to make sure your letter is legitimate.about your money to your last known address within 15 days after the payment was made. This notice 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. The IRS will likely do the same for the third round of payments. But watch out: There have been a lot of going around. Visit
What happens if I lose my EIP card or it gets destroyed?
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 would beand .
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