Even if you got a paper check on the first round of last year, more than twice as many people get their payment in the form of a debit card this time. (You can , here’s how.) The IRS and the Treasury Department say this will help them send the money faster, although it’s not clear why ).
We have answers to some of the most commonin the form of an EIP card, including its use when it arrives in your mailbox. CNET also has guides on how , what you need to know , , and . Here’s the story on one .
What is an EIP card? What does it mean for stimulus checks?
An economic impact payment card is a prepaid debit card that the U.S. Treasury used to distribute a number of incentive payments among the, instead of or a paper check. The maps have been issued to some for whom the government had no bank details.
These Visa debit cards can be used to make purchases, collect cash from networked ATMs and transfer money to your personal bank account at no cost. If you receive one, after the card arrives, visit the EIP card website to activate it and learn more about how to use it.
Why should I get my second incentive payment on an EIP card instead of a paper check or direct deposit?
For the first round of payments, those eligible received the initial incentive payment by EIP card rather than by check whether they had filed their taxes but the IRS did not have their bank account information to hand and whether the tax return had been processed by IRS service centers in Andover, Massachusetts or Austin, Texas, according to a Treasury press release.
It is not clear what the meaning of those particular service centers is, and the Treasury has not responded to our request for more information.
For the second round of payments that began in late December, the IRS said it will send a paper check or debit card in the mail if it doesn’t have bank details to hand. The IRS said some people who last received a paper check can receive a debit card this time, and some people who last received a debit card can receive a paper check.
How much incentive money can be loaded on my EIP card?
Receiving your payment via an EIP card would not change this– it’s just another format of the same payment.
The amount of money you are allocatedwill depend on , your tax returns, along with your tax return status (single versus joint) and how many dependents you have. The maximum amount a single taxpayer (without children) can get is $ 600. You can .
You can also find out, how old one and the stimulus check situation for , people in the , and people .
When will I receive my EIP card now that a second stimulus check is being sent?
While the IRSBy direct deposit and paper check on December 30, it didn’t start sending payments with an EIP card until January 7. However, this is much faster than the first round: only passed in March, the first EIP cards did not go out until mid-May.
The IRS has said it will send all payments in this second round of checks by Jan. 15, as specified in. You can .
What happens if I have not received my EIP card by January 15th?
Every second payment with a stimulus check that does not reach the intended recipientwill have to claim it with a as part of the tax season. In some cases – for example, if you received a confirmation letter from the IRS that your money was sent but your EIP card never arrived – you may need to .
How will my EIP card be delivered?
If you, the IRS said your EIP card will arrive at the address listed on your latest tax return in a white envelope marked with the seal of the United States Treasury Department. The card has the name Visa on the front and the issuing bank, MetaBank, NA, on the back. Some literature identifies the card as the payment for the economic impact.
Because the envelope containing the first EIP card was not clearly marked, some peoplewithout opening it during the first round of incentive payments (if you think this has happened to you, we have tips for getting your payment below). The IRS said for eligible people who will not receive a direct deposit to view their post for the card in the next few weeks – but it could be .
Note: If you have moved, you must do this.
Can I receive my incentive money via direct deposit instead?
If the IRS has your bank account information handy, you are more likely to do soinstead of an EIP card. Since the first incentive checks were sent, more effort has been made to help people who don’t have a bank account get one for this purpose. But at this point, there is nothing you can do to change your delivery method.
Will the IRS notify me that an EIP card is coming?
With the first incentive payments, the IRS sent a letter about your money to your last known address within 15 days of the payment being made. The letter contained information on how you got the money (check or direct deposit or EIP card) and how to report it if you did not receive payment. It will do the same for the second round of payment. But beware: there have been manygo around. Before giving anyone your information, visit IRS.gov to make sure your letter is legitimate.
What happens if my EIP card is lost or destroyed?
If you have 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. Simply call 800-240-8100 and choose the second option from the main menu, according to the IRS website.
For more information, see if youand everything we know about one .