May 13 was the last day that Americans could submit direct-deposit information to receive stimulus checks, which means payments will arrive as either checks or debit cards moving forward.
Related: Do I have to pay back my $1,200 stimulus check? Don’t fall for these 5 myths about the stimulus payments And that money can’t come soon enough for the millions of Americans out of work since the coronavirus temporarily shut down large swaths of the economy. This includes $1,200 payments to individuals with adjusted gross income below $75,000 and $2,400 to married couples filing taxes jointly who earn under $150,000, with payouts prorated above those income thresholds. The Internal Revenue Service had distributed more than 128 million checks and paid over $218 billion by early May. Wall Street Journal (March 30): Trump wants his signature to appear on coronavirus stimulus checksĪlso: Trump’s signature to be on stimulus checks, delaying mailing process: report “Doesn’t sound like the federal government to me,” he said. Their neighbor also told the outlet that he found his prepaid debit card suspicious because it bore no official federal insignia, and the return address was in Omaha, Neb. “The next thing you see is I am in the garbage can trying to pull out all of the pieces together, which did not work.” “My husband looked at it, briefly read it and he said, ‘Do you want this?’ And I said, ‘I don’t need another fake card,’ so he cut it up in little pieces,” Bonnie Moore said. They told local CBSĪffiliate WINK-TV that they chucked their EIP Card because they were expecting a stimulus check from the U.S. Thomas and Bonnie Moore of southwest Florida are one such pair. Related: This is how fast Americans are spending their stimulus checks - and here’s a breakdown of what they’re buying And, in some cases, people have even thrown away the debit cards containing their long-awaited stimulus money before they realized their mistake. So reports of people mistaking these for preapproved credit-card junk mail, or even a scam, have popped up across the country. So why the confusion over these cards? Well, these Visa cards are being issued by MetaBank (the Treasury’s financial agent) and delivered in plain envelopes from Money Network Cardholder Services - neither of which is a familiar name for most of us. More information about the card is available at /ocp/eipcards/.“Anyone who has not received the card, or who has accidentally thrown it out, should call 80. They can also check the card balance by phone, mobile app, or online. Recipients of the cards can make purchases, get cash from in-network ATMs, and transfer funds to their personal bank account without incurring any fees, the office said, when instructions are followed.
“In order to fully protect themselves, recipients should only call the number listed in the IRS instructions and refrain from divulging any information to anyone else.” “While consumers should always be vigilant before providing personal information to anyone offering or sending unexpected money in the mail or email, consumers can rest assured that these debit cards are not a scam,” said Stephen Levins, executive director of OCP, in a news release. Department of the Treasury seal.Īctivating the card requires providing private information, including the recipient’s Social Security number. The card will have the words “VISA” and “DEBIT” on the front and the issuing bank, MetaBank, N.A., on the back. The forms of payment in the second round may differ from the first round, according to the Internal Revenue Service, meaning those who never received the debit card last year may receive one this time and should not accidentally discard it, OCP said.
mail, according to the state Department of Commerce and Consumer Affairs Office of Consumer Protection. government began issuing approximately 8 million economic impact payments by prepaid debit card via U.S. State officials are reminding Hawaii residents that their federal economic impact payments may arrive in the mail in the form of a prepaid debit card instead of by paper check or direct deposit – and that it is legitimate.Įarlier this month, the U.S.
0 kommentar(er)
