Don't throw away that envelope until you open it. That's the advice coming from the Retired Public Employees Association and it covers anyone eligible to receive a COVID-19 stimulus payment from the federal government.
Some people are receiving these payments in the form of a debit card. They're being delivered in plain, white envelopes without the government's return address, which has some people throwing them out, thinking they're junk mail, or worse, a scam.
Here's what you should look for:
- A stimulus debit card will arrive from Money Network Cardholder Services
- Visa and debit will be printed on the front of the card
- The issuing bank is Metabank, N.A., this is listed on the back of the card.
- You will need to activate the card by visiting EIPCard.com or calling 1-800-240-8100
- When you call to activate you be be prompted to provide your name, address and Social Security Number
- You will asked to create a four-digit identification number
- Once activated, there will be limits on how much money you can access from an ATM at one time.