Your stimulus payment could be an EIP card instead of direct deposit or check. Here’s whyFebruary 24, 2021
The House of Representatives intends to vote on Friday the Economic Impact Payment debit card. This happened for millions of people in the , and could be the case for a third payment, too, assuming the bill becomes law — unless you take certain steps to increase your chances of getting your check by direct deposit instead.that includes a for per . But some people may be surprised to learn that their money might not arrive by or as a , and instead as an
The IRS sent out stimulus payments on EIP cards for a few reasons, including to reach those who did not have banking information on file with the agency, and to speed up payment delivery (though we still aren’t sure exactly how). If a third payment is approved, the IRS will likely be trying to(here’s how you could potentially ), so it may send out more payments this way.
Here, we’ve got everything you need to know about getting stimulus checks in the form of an EIP card, including how to use one if it, and how to get the IRS your banking information so that you’re less likely to get one. You can also check out our guides on , what you need to know about and how .
What is an EIP card, and what does it have to do with stimulus checks?
An economic impact payment card is a prepaid debit card that the US Treasury used to distribute some stimulus payments under the Marchand the , as an alternative to distributing the money by or a paper check. The cards were provided to some the government didn’t have banking information for.
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.
My second stimulus payment arrived on an EIP card instead of by paper check or a direct deposit. Why?
For the first round of payments, 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, and the Treasury didn’t respond to our request for more information.
For the second round of payments that started going out in late December, the IRS said it sent either a paper check or a debit card in the mail if it didn’t have banking information on hand. The IRS said some people who received a paper check last time could receive a debit card this time, and some people who received a debit card last time could receive a paper check, but did not say why.
Will my third stimulus payment come on an EIP card?
Possibly. We won’t know anything definite until Congress passes aand President Biden signs it into law. But it’s likely that the IRS would follow a similar process to what it did for the first two checks, and would use EIP cards as a way to get money into the hands of people even if it doesn’t have their banking information on file.
One new wrinkle this time around: If Congress follows the timeline it has laid out to pass a new bill, the third round of checks could, which would come with . It’s likely that Congress would use whichever tax return it has on file most recently, which , to .
To increase your chances of your third check arriving through direct deposit, we recommend, and .
If my third stimulus payment is on an EIP card, how would it get delivered?
If you’re(assuming one is approved) and get that payment via EIP card, it’s likely that it would arrive the same way the first two did. For the , the IRS said your EIP card would 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.
Because the envelope containing the first EIP card wasn’t clearly marked, some peoplewithout opening it during the first round of stimulus payments (if you think this happened to you, we’ve got tips on how to get your payment below).
Note that if you moved you’ll need to.
Can I do anything to make sure my third stimulus check arrives via direct deposit instead of EIP card?
If the IRS has your bank account information on hand, it was likely you’dinstead of on 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. The best thing you can do right now to increase your chances of a potential third check arriving by direct deposit is to and as soon as possible.
How much stimulus money can be loaded onto an EIP card?
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 a potentialwould likely depend on , from your tax filings, along with your filing status (single versus joint) and how many you have. In the , the maximum amount any single tax filer could get is . However, the final amount you’re eligible for could be determined by the outcome of an effort to make the 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 my second stimulus check, but it never arrived. What should I do?
If your 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 on the way?
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 if there is one. But watch out: There have been a lot of going around. Visit
What happens if my EIP card is lost or 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 .