Nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of which taxpayers receive a debit card was made by the Bureau of Fiscal Service, another part of the Treasury Department that works with the IRS to handle distribution of the payments.
These Economic Impact Payment Cards arrive in plain envelope from Money Network Cardholder Service. The Visa name will appear on the front of the card: the back of the card has the name of the issuing bank, MetaBank, N.A. Information included with the card will explain that the card is an Economic Impact Payment Card.
Those who receive Economic Impact Payment by prepaid debit card can do the following without any fees:
• Make purchases online and any retail where Visa is accepted
• Get cash from in network ATMs
• Transfer funds to their personal bank account
• Check their card balance online, by mobile app or by phone
This card will come with instructions on how to activate and use it.