Correctional officials have communicated the problem to the federal agency, but it's unclear what steps the IRS will take to fix it. Roughly four million Americans are getting their COVID-19 stimulus payment on an EIP debit card from the IRS. Filed Under: Good Question, Jeff Wagner, Local TV, Stimulus Money. The IRS says you can get the stimulus check replaced – and it won’t come at a cost to you. The debit cards can't be processed in prisons so inmates can't deposit their payments. In the first round of payments, four million people were to receive their stimulus money on a prepaid debit card called the Economic Impact Payment Card, instead of a paper check. Stimulus prepaid debit card is causing a lot of confusion . How to cash them out or use them to pay bills or buy items. The card is called an Economic Impact Payment, or EIP, card. People are having issues with their stimulus check debit card, mistaking them for trash, and not understanding how they work. by: Max Rodriguez. Stimulus Debit Cards Unusable For Prison Inmates In At Least Four States : NPR Stay up-to-date on the latest U.S. stimulus and political information. Why IRS is now using debit cards. It’ll likely come in an envelope with a seal and return address that says “Economic Impact Payment Card, PO Box 27022, Omaha, NE 68124-7022.” AS the IRS has stopped sending coronavirus stimulus payments via direct deposit, they're now headed to Americans in the mail – by check or prepaid debit card. … Americans who received a debit card with their first coronavirus pandemic stimulus payment in 2020 should not expect that the card will be "reloaded" with the second payment that is … You May Be Charged Fees. … Also, How To Avoid Scams. Stimulus Debit Cards Unusable For Prison Inmates In At Least Four States The debit cards can't be processed in prisons so inmates can't deposit their payments. Lastest news and, tools and information on the US Stimulus Checks Status and to see if you're eligible., and how much you'll recieve. About 4 million Americans can expect to receive their stimulus payments through a prepaid debit card in the coming weeks, the IRS has said. Posted: Jan 20, 2021 / 09:37 PM HST / Updated: Jan 21, 2021 / 09:01 AM HST. The IRS distributed the second round of stimulus money to eligible inmates using debit cards, which state prisons are unable to process. The card itself is a Visa debit card issued by MetaBank, the Treasury's financial agent. Posted at 3:00 AM, Jan 13, 2021 . The cards – called Economic Impact Payment Cards , or EIP Cards, by the IRS – will go to certain people who filed a tax return but don’t have bank information on file with the tax agency. By: Joe Ducey. The IRS does not determine who receives a prepaid debit card. What to Know About Stimulus Debit Card Fees EIP cards carry fees for ATM balance inquiries and out-of-network ATM withdrawals. VISA debit cards are to be taken seriously. And the debit card inside seemed a little fishy too. The IRS has acknowledged the problem, but hasn't offered an immediate solution. Why Are Debit Cards Being Issued For The 2nd Stimulus Payment? If your emergency payment arrives on a debit card – there's still a chance for it to be deposited into your bank own account. The IRS said nearly four million people are being sent their stimulus payments — called Economic Impact Payment — by prepaid debit card instead of paper check. By Jeff Wagner January 18, 2021 at 11:01 pm. CHICAGO -- Stimulus checks have been sent out to millions of people, but many will actually be getting their payment via a debit card. Individuals can expect $600, while married couples filing jointly will receive $1,200, plus $600 for each qualifying child they had in 2020. What the stimulus check debit card looks like. How can you tell if your stimulus card sent in the mail is real? The debit card can be used to withdraw cash from an ATM, transfer funds to a bank account, issue a check, or make purchases wherever Visa is accepted. The IRS shared an example EIP Card here. The amount on the card will vary, depending on how many people live in a household. How to know real from fake and avoid any fees. Not Everyone Will Get a Prepaid Debit Card. The EIP Cards are mostly free to use and have no monthly maintenance fees. Many Americans thought the cards were junk mail or scams — and some arrived with names mixed up. Stimulus payments continue to hit consumer's mailboxes, and if you got your payment on a prepaid debit card, you can get that money transferred to your bank account or turned into cash. Second Stimulus Check Payments by Debit Card Are Coming (It's Not Junk Mail!) IRS Issues Stimulus Warning About Prepaid Debit Cards Stimulus prepaid cards are causing some confusion in San Diego and across the country By Amber Frias • … Instead, it’s a pre-paid debit card. 8 million stimulus debit cards are being mailed out. Tags: COVID-19, IRS, Coronavirus, CARES Act. Debit c… "It makes me suspicious when I get cards in the mail. Your Economic Impact Payment prepaid debit card, which contains your stimulus money, will arrive in a plain envelope from Money Network Cardholder Services. March 08, 2021. It might actually be the stimulus check payment you’ve been waiting for – just in the form of a prepaid debit card. New Stimulus Check “Debit Cards” Show America’s Banks Are In Big Trouble Stephen McBride Contributor Opinions expressed by Forbes Contributors are their own. It’s a Visa with a blue background and white stars. During the Coronavirus pandemic, millions of Americans expected to get their economic impact payments or stimulus check from the government due to the CARES Act. Stimulus debit cards on the way and scammers are aware Coronavirus. The government sent out four million of them, representing about 2.5 percent of all stimulus payments. But some suspect the EIP debit card is a scam, or mistake the cards for junk mail. Stimulus Checks Via Debit Cards. The IRS is sending some second stimulus check payments on prepaid debit cards. IF your $600 stimulus debit card was lost, stolen or tossed in the garbage, not all is lost. The $1,200 checks last spring looked like typical tax refund checks from the U.S. Treasury. By Susannah Snider , Senior Editor, Financial Advisors June 8, 2020 That could be your $600 stimulus check. The debit cards are being sent in a white envelope with the Treasury Department seal on the outside. If you receive a debit card from MetaBank, with a note from the US Treasury Department, that is not a scam. 5 Things To Know About Stimulus Debit Cards 1. I get them a lot from different credit card companies," said Peterson. More:Don't throw away those VISA debit cards: They have stimulus cash More:Missing stimulus money could arrive by Feb. 1 for some taxpayers More:Tricks scammers use around stimulus … Is your stimulus debit card real? Stimulus debit card mailing. And this new form of payment is catching people off guard, including Cheri Schwartz, who hesitated when she recently opened a letter in the mail. If you’re still waiting for your economic impact payment, that doesn’t... 2.