Mason & Associates, LLC

Check Your Mail! U.S. Stimulus Card Update

Tommy Blackburn, CFP®, CPA, PFS

Check your mail before tossing it – It may be your U.S. Stimulus prepaid debit card!

 

While you likely have a standard operating procedure for the disposal of junk mail, in the short term carefully check all incoming mail even if you don’t recognize the sender.  It could be your Economic Impact Payment Card that contains up to $2400 for those who file their tax return as Married Filing Jointly, and up to $1,200 for those who file Single as a result of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).      

On June 3rd the IRS announced that nearly 4 million EIP payments from the U.S. Treasury were made in the form of a prepaid Visa debit card instead of paper checks or direct deposit.  The debit cards issued by MetaBank® were mailed in a plain envelope from “Money Network Cardholder Services”.   Information included with the card explains that the card is your EIP and provides instructions on how to activate and use it. 

Here are a few potentially useful links: