Stimulus Money Debit Card Balance

This blog was originally posted on may 20 2020 and was updated on june 1 2020.

Stimulus money debit card balance. You will get a new eip card for the second stimulus round. Department of the treasury bureau of the fiscal service as part of the us debit card program. The payment decreases to zero for an individual making 99 000 or more or a.

Like the first payment the debit card stimulus money will probably be able to be used anywhere debit cards are accepted including in person online or over the phone. To transfer money from your stimulus debit card to your bank account go to the eip card website or use the money network mobile app and select the option to move money out you ll need. About 4 million americans can expect to get a prepaid debit card loaded with stimulus money in the mail starting this week.

The eip card is sponsored by the u s. Instead of a paper check or bank deposit about 8 million americans will get debit cards loaded with stimulus money tanza loudenback 2021 01 07t20 47 44z. You ll need to provide your name address and social security number.

If you recently received an economic impact payment prepaid debit card from the government in the mail this is money for you under the coronavirus aid relief and economic security cares act. If you got an eip card for the previous stimulus the irs won t refill it. For those that made more than 75 000 payments will be reduced by 5 for every 100 of income that exceeds the limits.

How to activate your eip card. Each purchase is deducted from the remaining balance on the card. Your economic impact payment card eip card contains the money you are receiving under the covid related tax relief act of 2020 or the coronavirus aid relief and economic security act cares act.