On the next page that loads in Step 2, they say, “We need to confirm your information for security reasons” and list your name and home address. Hopefully, it goes without saying, but make sure that you are connected to the website using HTTPS (an encrypted connection) and that you are on a secure internet (such as your home internet) not a public one before proceeding.Īfter entering that information, you are then asked to provide the CVV numbers on the back of the card as well as the last four digits of your Social Security number. On Step 1, you will be asked to insert your card number and expiration date. On the page that loads, click “Register Now” at the bottom. So the first step is to go to and click the “Login” button on the homepage. Treasury government websites and thus unlikely to be a scam. Create an login.īefore continuing with this step, I confirmed that is linked to the IRS and U.S. According to him, using a regular phone or cellphone solved the problem. Goodbye!” even though he entered it properly. The system would simply say, “Our system does not recognize that number. Oops.)Ī reader emailed to note that they ran into trouble activating their card using a web-based call system (such as Google Voice). (Note: I actually skipped this step the first time I did it and later found out that it was required. As this is a card you will only use once, I recommend setting a completely random 4-digit PIN that you never plan to use again and saving it in your password vault such as KeePass.Īfter calling the number and listening to a intro, you press 1 for English, press 1 to activate your card, enter the card number followed by #, enter the last 6 digits of your social security number followed by #, enter your chosen PIN, and reenter that PIN. My letter says to call 1-80 to activate your card and set your 4-digit PIN. Hopefully, now that I have bumbled my way through it on my own and documented the steps, it takes you less time. It took me one hour to complete from start to finish. Luckily, there is a process, and I have mapped it out for you. To save the money, unfortunately, you must undergo a time consuming and unfamiliar process in order to deposit the money into your bank account. Despite the method of payment, you should likely save the money. What will you spend it on? the payment method croons. It begs you to use the fallacy of the Two Pocket Theory of Money to think about this as money separate from your other assets. It is manipulative of the federal government to send this money as a debit card. The determination of which taxpayers receive a debit card was made by the Bureau of the Fiscal Service, another part of the Treasury Department that works with the IRS to handle distribution of the payments. Nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. Instead, they sent it as an “Economic Impact Payment Card enabled by Money Network.” The card itself is patriotically blue with white stars and proudly says “VISA DEBIT.” The back of the letter lists all the fees and payments VISA is due as part of the card agreement.Īt first, I thought this might have been a scam, ( Why would the treasury send people who ask for paper checks a debit card?) but you can verify at IRS.gov that this is indeed from the federal government. Unfortunately, they did not send it as a paper check. After them, they moved to those who ask for paper check refunds.Īs someone who asks for paper check refunds, I recently received my recovery rebate. Then, they paid tax filers who had direct deposit instructions on their tax returns. First, they paid to those on Social Security. The IRS has been paying these funds out gradually. This advance is being called an “economic impact payment.” They have created provisions for receiving some or all of the tax credit now in advance of filing your 2020 return, so it can help stimulate the economy. The credit is reduced when adjusted gross income exceeds $112,500 single or $150,000 joint. It creates a tax credit for the 2020 tax return worth $1,200 for single filers and $2,400 for joint returns plus $500 per qualifying child. In the CARE Act of 2020, Congress created a so-called recovery rebate for individuals. If you need more help, call Money Network Customer Service directly at 1-80. We are not affiliated with Money Network, the Economic Impact Payment Card, or the IRS.
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