You might be one of the approximately 8 million Americans who finds a debit card in their mailbox soon. If so, don't automatically think it's some sort of scam or junk mail. It might be the second stimulus check payment you've been waiting for – just in the form of a prepaid debit card. The cards – called Economic Impact Payment Cards, or EIP Cards, by the IRS – will go to certain people who don't have bank information on file with the tax agency. Instead of mailing a paper check (which takes longer to process), the cards will be sent to the most recent mailing address on file with the IRS for those selected to receive them. EIP Cards are going to eligible recipients across all 50 states and the District of Columbia, but Americans in the western part of the country are generally more likely to get one.
If you do receive an EIP Card, you'll probably have a lot of questions about how it works. How do I use it? Where can I use it? Are there any fees? Can the IRS track my purchases? The cards come with some nice features, but there are also some special rules for their use. So you can hit the ground running if an EIP Card shows up in your mailbox, here are answers to a few important questions you're likely to have about your second stimulus payment debit card. And make sure you put the money to good use! (To find out how much money you will get, use our Second Stimulus Check Calculator (opens in new tab).)
What an EIP Card Looks Like
Question: What will my EIP Card look like?
Answer: Your stimulus payment debit card will come in a white envelope that prominently displays the U.S. Department of the Treasury seal and includes "Economic Impact Payment Card" in the return address. The envelope also states that it contains "important information about the Economic Impact Payment."
The card itself will say "Visa" on the front and "MetaBank" (the issuing bank) on the back.
Activating the Card
Question: Do I have to activate my EIP Card?
Answer: Yes, you will have to activate your debit card by calling the toll-free activation line at 800-240-8100. You'll have to input your card number, last 6-digits of your Social Security number, and the 3-digit security code from the back of the card. You could also be asked to further validate your identity by providing, at minimum, your name and address or answer identity verification questions. If your card has more than one name on it, only the first person listed (i.e., the primary cardholder) can activate the card.
You'll also be asked to create a 4-digit PIN number.
Debit Card for First-Round Stimulus Check
Question: If I received a debit card for my first stimulus check, will my second stimulus check payment be deposited on the card I already have?
Answer: If you received an EIP Card for your first stimulus payment, it doesn't mean you'll automatically receive an EIP Card for your second payment. You might receive a paper check this time. Also, if you received a paper check for the first payment, you might get a debit card this time.
If you get a debit card for both payments, a new EIP Cards will be issued for your second-round payment. The first-round EIP Cards won't be "reloaded."
Volunteering to Get a Debit Card
Question: Can I specifically ask the IRS to send may stimulus payment to me on a debit card?
Answer: No. You can't choose to receive a prepaid debit card. The Bureau of the Fiscal Service, which works with the IRS to handle distribution of the stimulus payments, decides who will receive a debit card.
Purchases at Brick-and-Mortar Stores
Question: Can I use my EIP Card to make purchases at stores?
Answer: Yes, you can use your stimulus check debit card to make purchases at stores that accept Visa® debit cards. Depending on the store, you can either sign for the transaction or enter your 4-digit PIN.
Question: Can I use my debit card for online purchases?
Answer: Yes, you can also use your EIP debit card to make online purchases if the seller's website accepts Visa® debit card payments. If asked, make sure you use the correct billing address for your debit card account. To verify or change your billing address, log in to your account at EIPCard.com (opens in new tab) and click on "My Profile."
Buying Gas with Your EIP Card
Question: How do I pay for gas with my EIP Card?
Answer: When using your debit card to pay for gas, give your card to the attendant to pre-pay for gas. This will avoid a pre-authorization charge. If you pay for gas at the pump with most debit cards, the gas station will often "pre-authorize" your purchase. This puts a temporary extra charge on your card. It can take up to seven business days to get that money back.
Some other businesses – such as hotels, car rental companies and restaurants – may also impose pre-authorization charges.
Question: Can I get cash using my EIP Card?
Answer: Yes, there are three ways you can get cash using your stimulus payment debit card.
First, you can withdraw cash from an ATM. There could be a fee if you use an out-of-network ATM. You can find in-network ATMs at EIPCard.com/locator (opens in new tab).
Second, you can get cash back from some stores when using your 4-digit PIN to make a purchase. (Select "yes" when asked if you want cash back.)
Third, you can go to a bank or credit union branch to get cash. Make sure you know how much money is on the card, because the bank teller won't be able to check the balance. Also note that bank fees may apply.
Daily cash withdrawal limits may also apply for your EIP Card. ATMs could have their own limits, too.
Question: Can I make recurring bill payments with my debit card?
Answer: Yes, your EIP Card can be used to make recurring payments. Just make sure you have enough money on the card to cover each payment. If you don't have enough money on the card, the transaction will be fully or partially declined.
Person-to-Person (P2P) Payments
Question: Can I use my EIP Card with a person-to-person payment app?
Answer: Yes, you can use your EIP Card with PayPal, Venmo and most of the other popular person-to-person payment apps. Ask your preferred app provider for any details or special requirements.
Question: Are there any fees for using my stimulus payment debit card?
Answer: Yes. Many services and types of transactions are free of charge. For instance, there's no monthly fee, lost or stolen card replacement fee, customer service charges, or per purchase cost.
However, a fee is charged for the following EIP Card services and transactions:
- Cash Withdrawal at Bank – $5 for second and subsequent withdrawals (first withdrawal is free; the bank may also charge a fee);
- Domestic Out-of-Network ATM Withdrawals – $2 for second and subsequent withdrawals (first withdrawal is free);
- International ATM Withdrawals – $3; and
- ATM Balance Inquiries – 25¢.
Check your EIP Card welcome packet and cardholder agreement for more information about fees.
Tracking the Card's Balance
Question: How can I check the balance of my account?
Answer: There are three ways to track your EIP Card account balance and transaction history.
First, you can check your balance and transactions online at EIPCard.com (opens in new tab). You have to register first, though. To register, go to EIPCard.com (opens in new tab), click on the Login button, and the click on the "Register Now" link. Follow the steps to create a user ID and password (you'll need to have your EIP Card in hand).
You can also keep track of your account information by phone. Call 800-240-8100 to hear your balance and transaction history using the automated system.
Finally, you can download the Money Network Mobile App2 at the App Store® or on Google Play™.
Extra Cards for Family Members
Question: Can I get more debits cards for my family?
Answer: No, you can't get additional EIP Cards for other members of your family. You only get the one card.
Question: Will using the debit card help my credit score?
Answer: No. Unlike a credit card, using an EIP Card will not improve your credit score. On the other hand, you won't have to pay interest or build up debt, either.
Lost or Stolen Cards
Question: What should I do if my card is lost or stolen?
Answer: If your EIP Card is lost or stolen, log in to your account at EIPCard.com (opens in new tab) immediately and "lock" your card so no one else can use it. You should then call customer service at 800-240-8100 and report the loss or theft of your card right away. For cards with more than one name on it, the primary cardholder (i.e., the person listed first) must make the call. A new card will be sent to you free of charge.
Transfers to Your Bank Account
Question: Can money on the debit card be transferred to my bank account?
Answer: Yes. Although your EIP Card is not linked to your bank account, you can transfer money from your card to your bank account. This type of transaction is done online at EIPCard.com (opens in new tab) or through the Money Network Mobile App. You'll need the routing and account number for your bank account.
To transfer funds:
- Call 800-240-8100 to activate your card;
- Register for online or mobile app access by going to EIPCard.com (opens in new tab) or the Money Network Mobile App2 and click on "Register" (follow the steps to create your user ID and password, and be sure to have your EIP Card handy); and
- Select Move Money Out and follow the steps to set up your ACH transfer.
Transfers should post to your bank account in 1 to 2 business days.
Government Access to Information
Question: Can the IRS or other government agency track my EIP Card activity?
Answer: No. Except in rare and limited situations, no government agency, including the IRS, will have access to information about your EIP Card activities.
The government can't take money out of your EIP Card account, either.
Question: Can I write a check for payments from my EIP Card account?
Answer: Yes. If you have an EIP Card, you can request a Money Network® Check by calling 800-240-8100. The check amount will be subtracted from your debit card account balance. For more information, check the cardholder agreement at EIPCard.com (opens in new tab).
Stay on Top of Stimulus Check Developments
Follow Kiplinger for the latest news and insights on federal stimulus payments (and other important personal-finance matters). Stay with us on:
- email. Sign up free for our daily Kiplinger Today e-newsletter (opens in new tab).
- social media. Follow us on Instagram (opens in new tab), Twitter (opens in new tab) and Facebook (opens in new tab).
- podcasts. Subscribe free to our weekly Your Money's Worth podcast. Apple (opens in new tab) | Google Podcasts (opens in new tab) | Spotify (opens in new tab) | Overcast (opens in new tab)
See some of our other coverage of the second stimulus check:
- Is Your Second Stimulus Check Taxable?
- 10 Things Social Security Recipients Need to Know About Their Second Stimulus Check
- When Will Your Second Stimulus Check Arrive? It May Already Be On Its Way
- Who's Not Getting a Second Stimulus Check (Not Everyone is Eligible!)
- How Your Second Stimulus Check Will Differ from the First One
- Will College Students Get a Second Stimulus Check? (Hint: It Depends!)
Rocky was a Senior Tax Editor for Kiplinger from October 2018 to January 2023. He has more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, he worked for Wolters Kluwer Tax & Accounting and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky has a law degree from the University of Connecticut and a B.A. in History from Salisbury University.
Want to Increase Income? Focusing on 5 Elements Can Help
There are multiple ways to generate income, but to make your money work for you, consider sustainability, maximizing, automation, reinvestment and tax efficiency.
By Jamie P. Hopkins, Esq., CFP, RICP • Published
Are Annuities Good Investments? Weighing the Pros and Cons
Love ’em or loathe ’em, annuities can be a smart investment tool for the right person under the right circumstances.
By Nate Miller, Investment Adviser Representative • Published
Child Tax Credit Changes and FAQs for Your 2022 Tax Return
Tax Breaks The bigger and better child tax credit that applied for 2021 is gone, replaced by a new set of rules for taking the credit on 2022 returns.
By Joy Taylor • Published
How 12 Types of Retirement Income Get Taxed
retirement Don't forget about taxes on your pensions and other retirement income while planning for your golden years.
By Joy Taylor • Published
10 Least Tax-Friendly States for Middle-Class Families
state tax It can cost your family thousands of dollars each year if you end up in one of the worst states for taxes after a move.
By David Muhlbaum • Published
10 Most Tax-Friendly States for Middle-Class Families
state tax If a move from one state to another is in your future, you could save big bucks by relocating to one of these states where the tax bite is light for middle-class families.
By David Muhlbaum • Published
15 States That Tax Military Retirement Pay (and Other States That Don't)
retirement Taxes on military retirement pay vary from state-to-state. How generous is your state when it comes to helping retired veterans at tax time?
By Sandra Block • Published
5 Tax Deadlines for October 17
tax deadline Many taxpayers know that October 17 is the due date for filing an extended tax return, but there are other tax deadlines on this date.
By William Neilson • Last updated
5 States With No State Sales Tax
Tax Breaks A handful of states don't impose a sales tax, but that doesn't necessarily make them the best states for low taxes.
By Rocky Mengle • Published
Penalties for Filing Your Tax Return Late
tax deadline Stiff penalties await those who didn't file their return (or pay any tax owed) by the tax filing deadline.
By Rocky Mengle • Last updated