Each mailing will include instructions on how to securely activate and use the card. Information included with the card will explain that this is an Economic Impact Payment. The card has the Visa name on the front and the issuing bank, MetaBank, N.A. The EIP Card will also come in a white envelope prominently displaying the seal of the U.S. For those taxpayers who received their tax refund by mail, this paper check will look similar, but will be labeled as an "Economic Impact Payment" in the memo field. Paper checks will arrive by mail in a white envelope from the U.S. IRS and the Treasury Department urge eligible people who have not received a direct deposit to watch their mail carefully during this period. More people are receiving direct deposits, while those receiving them in the mail may get either a paper check or an EIP Card – which may be different than how they received their previous stimulus payments. Taxpayers should note that the form of payment for the third EIP may be different than earlier stimulus payments. Watch the mail for paper checks, EIP Cards This accelerated the disbursement of these payments by weeks. In addition, the IRS and the Bureau of the Fiscal Service leveraged data in their systems to convert many payments to direct deposits that otherwise would have been sent as paper checks or debit cards. The vast majority of taxpayers receiving EIPs will receive it by direct deposit. Today marks the second batch of payments, with additional payments anticipated on a weekly basis going forward. The IRS initiated the first batch of the $1,400 stimulus payments, mostly by direct deposit, on March 12. "Since this new set of payments will include more mailed payments, we urge people to carefully watch their mail for a check or debit card in the coming weeks."įollowing enactment of the American Rescue Plan Act on March 11, the IRS moved quickly to start delivering the third round of Economic Impact Payments. "The IRS continues to send the third round of stimulus payments in record time," said IRS Commissioner Chuck Rettig. People can check the Get My Payment tool on IRS.gov on to see if the their payment has been scheduled. No action is needed by most people to obtain this round of Economic Impact Payments (EIPs). A large number of this latest batch of payments will also be mailed, so taxpayers who do not receive a direct deposit by March 24 should watch the mail carefully in the coming weeks for a paper check or a prepaid debit card, known as an Economic Impact Payment Card, or EIP Card.
WASHINGTON - The Internal Revenue Service announced today that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card.įor taxpayers receiving direct deposit, this batch of payments began processing on Friday and will have an official pay date of Wednesday, March 24, with some people seeing these in their accounts earlier, potentially as provisional or pending deposits.
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