Trump inspects an EIP debit card. Photo: Brendan Smialowski/AFP via Getty Images Last Monday, after millions of Americans had received their stimulus payments by direct deposit or paper check, the Treasury Department announced plans for a new method of payment: prepaid debit cards.
The Treasury Department also touted a handful of other benefits the cards provide, including the ability to check the card’s balance online and built-in protections against fraud and loss. In Texas, Vicki Wade told KCEN TV that she was suspicious of the card because she’s never heard of Money Network Cardholder Services or MetaBank, which the Treasury Department calls its “financial agent.” She was also suspicious of the instructions to give her personal details to activate the card.
How can the card be used? People who receive their stimulus payment on a EIP card can keep the money there and use it like a regular debit card until they’ve spent every penny. They can also withdraw cash at an ATM. There’s no fee when using an in-network ATM. A list can be found here.
The last part is untrue. You can’t get a replacement if you threw it away. I know someone who did this and Meta Bank said if it hasn’t been activated they can’t replace it. They were advised to call the IRS.
.looks like he's rolling a j - get it twitta'
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