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Home / Tips and Tricks / Do you receive an EIP card instead of a stimulus check? What you need to know

Do you receive an EIP card instead of a stimulus check? What you need to know



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Your chances of getting an EIP card in lieu of a paper check have just gone up.

Angela Lang / CNET

Millions of Americans have their second stimulus control of maximum $ 600 per eligible person through direct deposit or a paper check in the mail. But if yours still hasn’t arrived, don’t worry. Late last week, the IRS and the US Treasury began broadcasting 8 million incentive payments on payment cards with economic impact or EIP cards.

Even if you got a paper check on the first round of last year incentive payments, more than twice as many people get their payment in the form of a debit card this time. (You can follow your second stimulus check or EIP card by post, here’s how.) The IRS and the Treasury Department say this will help them send the money faster, although it’s not clear why which priority group you are in for the second payment here).

We have answers to some of the most common questions you may have about stimulus controls in the form of an EIP card, including its use when it arrives in your mailbox. CNET also has guides on how calculate your second stimulus total, what you need to know stimulus controls and SSI and SSDI, how to report missing incentive money to the IRS, and how to file missing payments when doing your taxes. Here’s the story on one A new battle over the third $ 2,000 stimulus check has begun.

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 CARES Act, instead of direct deposit or a paper check. The maps have been issued to some Eligible US Residents 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.

Read more: Not everyone is eligible for a second stimulus check. This is why


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Why should I get my second incentive payment on an EIP card instead of a paper check or direct deposit?

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About 8 million people get their incentive payment on a prepaid debit card, called an EIP card, which looks like this.

Money Network / Screenshot by Jessica Dolcourt / CNET

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.

read more: Everything we know about a third stimulus check today

How much incentive money can be loaded on my EIP card?

Receiving your payment via an EIP card would not change this the amount you would receive – it’s just another format of the same payment.

The amount of money you are allocated second stimulus control will depend on your AGI, or adjusted gross income, 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 Calculate your second stimulus check total here.

You can also find out who counts as a dependent on your taxes, how old one must depend to receive a separate incentive payment and the stimulus check situation for older adults, people in the SSDI program, US Citizens Abroad and people living in US territories.

When will I receive my EIP card now that a second stimulus check is being sent?

While the IRS started sending second stimulus controls By 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: CARES Act 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 The December Incentive Act. You can track your incentive money (in any form) with a tool from the IRS.

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 recipient by the January 15 cutoff will have to claim it with a Refund Discount 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 report the missing funds or any errors to the IRS.

How will my EIP card be delivered?

If you be eligible for a second stimulus check, 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 people reportedly threw the letter away without 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 easier to sign up for this free USPS service.

Note: If you have moved, you must do this notify the IRS and USPS of your new address.

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 so receive the payment by direct deposit instead 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 many stimulus check scams go 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 you qualified for a second stimulus check and everything we know about one third stimulus check.


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