Better Business Bureaus across the country have received an influx of calls from consumers questioning a prepaid debit card sent in an unmarked envelope stating it was their economic stimulus payment. These payments are legitimate. BBB Connecticut is urging consumers who receive these cards not to throw them away.
According to the IRS, nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check.
The IRS website states that some payments may be sent on a prepaid debit card, sponsored by the Treasury Department’s Bureau of the Fiscal Service. They are managed by Money Network Financial, LLC.
Stimulus payments via debit card will arrive in a plain envelope from “Money Network Cardholder Services.” 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 this is the $1,200 payment that others received via direct deposit or by check. More information can be found online at EIPcard.com.
There have also been numerous scams popping up surrounding the distribution of the economic stimulus checks. Consumers can visit BBB.org/coronavirus for more information on how to avoid a stimulus check scam.
