Coronavirus stimulus prepaid cards mailed in plain envelopes are not junk mail, IRS cautions
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The IRS is in the process of sending out about 4 million economic impact payments loaded onto prepaid debit cards – but Americans may not recognize the stimulus cash when they see it.
The cards will arrive in a “plain envelope” from "Money Network Cardholder Services," the IRS said.
Unsuspecting individuals could mistake the envelope for junk mail or even a credit card promotion, especially since many people are likely not aware their payment will be arriving on a prepaid card instead of as a check.
People cannot choose to have their payments sent this way. These 4 million individuals, who did not have direct deposit information on file with the tax agency, were selected by the Bureau of the Fiscal Service.
CORONAVIRUS IRS STIMULUS PAYMENTS ON PREPAID DEBIT CARDS ARRIVING: WHAT TO KNOW
The Visa name appears on the front of the card, and MetaBank – the Treasury Department’s financial agent – appears on the bank. That may further confuse individuals who do not hold an account with Visa and who are unfamiliar with MetaBank.
“If you receive a card that looks like this, please do not throw it away,” the Consumer Financial Protection Bureau requested in an informational web video.