Americans can use Economic Impact Payment (EIP) Cards to directly make purchases in-store and online, transfer funds, pay bills and more
As a result of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, many individuals are receiving their Economic Impact Payment (also known as a “stimulus payment”) via the Economic Impact Payment card in the mail.
We are proud to be part of this effort once again with the U.S. Treasury Department, Fiserv and MetaBank to ensure Economic Impact Payments reach Americans via Money Network® Visa prepaid cards, with the security and convenience of electronic payments.
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 enable access to EIP 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 (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 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). Cardholders can also check their balance any time on the card provider’s website, mobile app or by calling customer service.