News Blog

July 10, 2020 – Many American’s are still waiting for their Economic Impact Payment (EIP). There are several different reasons as to why this is, depending on individual circumstances, but the Internal Revenue Service (IRS) reports that many may have accidentally thrown their payment away.

Four million American’s received their EIP in the form of a credit card. The US Treasury has reported that at least 788,000 cards have not been activated and may have been thrown out. The IRS will be sending letters to notify individuals who received a card but did not activate it. To see what these letters will look like, view their uploaded image of the envelope and letter.

Visa issued these Economic Impact Payment Cards through MetaBank (The US Treasury’s financial assistant). The payments were sent in a plain envelope from “Money Cardholder Services.” Many thought that the cards were junk mail or spam and tossed them, according to the IRS.

If you think that you may have thrown out your EIP card, you can call the card’s customer service line at 800-240-8100 to report the lost card and request a replacement.

To read more about Economic Impact Payment Cards, visit our previous blog post: https://www.decorahbank.com/economic-impact-payment-cards/

 

 

Posted in COVID-19 by Decorah Bank on July 10, 2020.

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