Don’t throw it out: Economic impact debit cards coming to 4 million Americans this week

Money

PROVIDENCE, R.I. (WPRI) — Earlier this month, United States officials made an announcement that CARES Act stimulus funds will be coming to some Americans in the form of a debit card.

About four million people will receive these cards because the IRS doesn’t have their banking information on file.

“You need to activate the card, sign the card, keep the card in a safe place, and make sure you get all the facts in regards to the card,” explained Paula Fleming, the Better Business Bureau’s local chief marketing and sales officer.

The letter containing economic impact payment (EIP) card will arrive in a plain envelope from Money Network Card Holder Services, Fleming said, stressing the importance of keeping an eye on mail and carefully inspecting letters.

“Not just tossing something because it looks like a fake credit card or debit card,” she said.

Due to the initial confusion surrounding the card, the U.S. Treasury has waived the $7.50 replacement fee for those who accidentally threw away the card and need a new one, according to the office of Attorney General Peter Neronha.

Fleming said there is a way to transfer the funds if you plan to use the money toward rent or utilities.

“It will give you specific directions on how you can use the card after it’s activated and if there are any fees associated with the use of the card or transferring funds,” Fleming added.

Go to EIPCard.com to register your card and learn more.

If you have questions or concerns about the EIP card, you can contact the attorney general’s consumer protection team by calling (401) 274-4400 (prompt 1) or emailing consumers@riag.ri.gov.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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