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Susan Tompor: Paper checks, prepaid Visa cards going out in mail; more direct deposits coming March 24

Susan Tompor, Detroit Free Press on

Published in Home and Consumer News

Even so, everyone is not receiving their stimulus money in the exact same way. And all the money isn't being issued on one day or even during the same week.

What is a prepaid stimulus card?

The prepaid cards — which have been sent out to select taxpayers in the past two stimulus rollouts — often tend to create a bit of confusion.

Some consumers fear that they're looking at a possible scam when what looks like a credit card to some just shows up in the mail out of the blue.

Again, unfortunately, some consumers even threw out their plastic debit cards because they didn't imagine that their stimulus money was on the plastic blue cards.

People who are confused by the cards should go to EIPcard.com for more information.

 

The EIP Card, the prepaid debit card, will come in a white envelope prominently displaying the seal of the U.S. Department of the Treasury.

"The card has the Visa name on the front and the issuing bank, MetaBank, N.A., on the back," the IRS said.

Taxpayers should look for information that is included with the card to explain that this is an Economic Impact Payment.

"Each mailing will include instructions on how to securely activate and use the card," the IRS said.

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