8 million people will receive their stimulus check through prepaid debit cards

8 million people will receive their stimulus check through prepaid debit cards

Starting this week, the Treasury Department and the IRS will be sending approximately 8 million second stimulus checks via prepaid debit card. Will they be the same people as in the first round of direct payments?

If the IRS doesn’t have routing and account information for a direct deposit, the agency will send either a check or a prepaid debit card.

The IRS has clarified that if you received an EIP Card for the first Economic Impact Payment, it does not mean you will receive an EIP Card for the second payment; you may receive a check, and if you received a check for the first payment, you may receive an EIP Card for the second payment.

Through its Instagram account, the agency urges eligible people who don't receive a direct deposit to watch their mail carefully during this period. The prepaid debit card is sponsored by the Treasury Department’s BFS.

To avoid people throwing away their cards, as happened during the first round of payments, the IRS is informing individuals that the EIP Card will be sent in a white envelope from “Economic Impact Payment Card,” and will display the U.S. Department of the Treasury Seal.

During the first round of direct payments 4 million Americans received a prepaid debit card

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

The information included with the EIP Card will explain that this is an Economic Impact Payment, and not spam mail.

If you receive an EIP Card, visit EIPcard.com for more information.

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