[NFBNJ] Stimulus Payment Debit Cards

Wed Jun 10 22:57:50 UTC 2020

Greetings to all!
Received from Pamela Gaston, NJ CBVI.
Please read and share with others.

Joe

Donï¿½t Toss Out Your Stimulus Payment With the Junk Mail
EN ESPAï¿½OL | IF YOU DIDN'T GET PAPER, YOU MAY GET PLASTIC FROM THE INTERNAL 
REVENUE SERVICE (IRS) AS IT CONTINUES TO DOLE OUT STIMULUS PAYMENTS.
The IRS has recently sent 4 million payments by prepaid debit cards, or 
Economic Impact Payment (EIP) cards, as the Treasury Department has dubbed 
them. The cards are going out to certain eligible taxpayers who filed tax 
returns but for whom the IRS doesn't have bank account information. The 
stimulus payment is loaded on the debit card.

Your EIP card will arrive in a plain envelope from ï¿½Money Network Cardholder 
Services.ï¿½ Donï¿½t throw it away thinking itï¿½s junk mail or a scam. The Visa 
name will appear on the front of the EIP card; the back of the card has the 
name of the issuing bank, MetaBank, N.A. Note that you canï¿½t request you 
receive your stimulus payment by debit card ï¿½ it either arrives that way or 
it doesnï¿½t.

People are rightly suspicious of unsolicited cards through the mail, and the 
Economic Impact Payment (EIP) cards arrive in plain envelopes with the 
return address ï¿½Money Network Cardholder Servicesï¿½ from MetaBank in Omaha, 
Nebraska. That doesnï¿½t sound like a government payment to most people. AARP 
has heard from members that some people suspect the cards are a fraud or an 
unsolicited credit card offer, meaning some people have shredded them or 
thrown them away.

>From the I.R.S.
A48. Some payments may be sent on a prepaid debit card known as The Economic 
Impact Payment Card  The Economic Impact Payment Card is sponsored by the 
Treasury Departmentï¿½s Bureau of the Fiscal Service, managed by Money Network 
Financial, LLC and issued by Treasuryï¿½s financial agent, MetaBankï¿½, N.A.

If you receive an Economic Impact Payment Card, it will arrive in a plain 
envelope from ï¿½Money Network Cardholder Services.ï¿½  The Visa name will 
appear on the front of the Card; the back of the Card has the name of the 
issuing bank, MetaBankï¿½, N.A. Information included with the Card will 
explain that the card is your Economic Impact Payment Card.  Please go to 
EIPcard.com for more information.

A51. Individuals who have lost or destroyed their EIP Card may request a 
free replacement through MetaBankï¿½ Customer Service. The standard fee of 
$750 will be waived for the first reissuance of any EIP Card.  Any initial 
reissuance fee charged to a customer from an earlier date will be reversed. 
Individuals do not need to know their card number to request a replacement. 
Individuals may request a replacement by phone at 800-240-8100 (option 2 
from main menu).

The Economic Impact Payment Card is sponsored by the Treasury Departmentï¿½s 
Bureau of the Fiscal Service, managed by Money Network Financial, LLC and 
issued by Treasuryï¿½s financial agent, MetaBankï¿½, N.A. If you receive an 
Economic Impact Payment Card, it will arrive in a plain envelope from ï¿½Money 
Network Cardholder Services.ï¿½  The Visa name will appear on the front of the 
Card; the back of the Card has the name of the issuing bank, MetaBankï¿½, N.A. 
Information included with the Card will explain that the card is your 
Economic Impact Payment Card.  Please go to EIPcard.com for more information 
and additional FAQs

How to activate your EIP card
Call 800-240-8100 (TTY: 800-241-9100). You'll need to provide your name, 
address and Social Security number. You will also be asked to create a 
four-digit personal identification number (PIN) required for ATM 
transactions and automated assistance and to hear your balance. For 
security, don't use personal information as your PIN. For cards with more 
than one name, only the primary cardholder (listed first on the card) may 
activate the card. There is no charge to activate the card

You can create a user name and password for your card online, at the Money 
Network site. Be sure to have your card handy when you log in. You can see 
your balance and transaction history online any time at EIPCard.com. You can 
get the same information by calling the toll-free number.

How to use your EIP card
You can generally use your card without a fee to make purchases anywhere 
Visa debit cards are accepted ï¿½ in stores, online or over the phone. You can 
also use your EIP card to pay most bills, get cash back with a PIN debit 
purchase (where available), buy groceries and get cash from ATMs that carry 
the Allpoint brand. You can search for surcharge-free ATMs at EIPCard.com. 
And you may be able to pay your mortgage or rent, if your bank or landlord 
accepts Visa payments.

Although most transactions don't charge a fee, a few do. For example, you'll 
pay 25 cents for each balance inquiry at an ATM, and $2 for each 
out-of-network withdrawal after your first one. You'll also pay $7.50 for a 
lost or stolen card, and $17 if you want it shipped to you by priority mail.

Naturally, where there is money, there are people looking to take it, and 
your card is no exception. Make sure you have a secure PIN, and don't give 
it to anyone. Beware of online phishing scams trying to get your card number 
and PIN. If you think someone has made an unauthorized purchase, call the 
toll-free number.

Your card may be declined if you try to spend above the limit, or you may 
have to use cash to pay the amount over what's in your account. In some 
cases, such as when you're buying gas, the merchant may put a temporary hold 
on your card balance ï¿½ sometimes more than the amount you used to make a 
purchase. Once processed, the money will be released and your balance will 
be adjusted. Pre-authorized funds may take up to seven days to be released 
back to your card account balance, and up to 31 days for car rentals.

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