Economic Impact Payments to be distributed via prepaid debit cards
Fast, safe, and secure debit cards are being mailed to millions of Americans starting this week
As a result of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), many individuals may receive their Economic Impact Payment (also known as a “stimulus payment”) via the Economic Impact Payment Card in the mail this week. We are proud to be part of this effort with the U.S. Treasury Department, Fiserv and MetaBank to ensure Economic Impact Payments reach Americans via Money Network®[1] Visa prepaid cards through the security and convenience of electronic payments.
Please note that the Economic Impact Payment Cards are being issued by MetaBank, N.A., and look like this:
For more information on EIP Cards, including how to activate your card, visit the Economic Impact Payment Card web site.
Prepaid debit cards are a fast and safe way for people to receive stimulus funds, particularly if they do not have a bank account or relationship with a financial institution. These EIP Cards arrive loaded with funds and may be used at any merchant who accepts Visa Debit, whether online, in-person, or over the phone. Unlike cash or checks, these debit cards are covered by Visa’s Zero Liability policy[2] (protecting cardholders from unauthorized purchases) and continuous fraud monitoring.
Consumers can also transfer funds from the cards to a bank account using their routing information, or add it to a peer-to-peer payment app to send money to others. There are no fees to make purchases, transfer funds, pay bills, utilities, rent or withdraw cash at in-network ATMS or at participating retailers. (Consumers should review their cardholder agreement or visit the card provider’s website for a list of associated fees and in-network ATM locations). Check your balance any time on the card provider’s website or by calling customer service.
More questions?
Please note that Visa is not responsible for sending out your EIP Card and is not involved with the administration of the Economic Impact Payments (also known as “stimulus payments”). Wondering where your payment is? Visit the IRS site to check on the status of your payment.
And finally, make sure you protect yourself from fraudsters and cybercriminals who are counting on people to let their guard down. Phishing scams attempt to trick people into handing over personal or financial information. Visa will never call, text or email you asking for your card details or other personal information. If you experience a phishing scam of any sort that uses Visa’s name, please let us know by emailing us at [email protected] for us to fully investigate each claim to help stop fraud at the source.
Read the spanish translation/Pago de impacto económico.
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[1] The Money Network name and logo are registered trademarks of Money Network Financial, LLC, a wholly owned subsidiary of Fiserv and are used with permission.
[2] Visa’s Zero Liability Policy does not apply to certain commercial card and anonymous prepaid card transactions or transactions not processed by Visa. Cardholders must use care in protecting their card and notify their issuing financial institution immediately of any unauthorized use. Contact your issuer for more detail.