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The Economic Impact Payment Card is a VISA prepaid debit card. Because the bank occupied a niche in serving ultra high-end consumers, experts question whether its receivership will make other depositories more reluctant to offer jumbo loans. Your card is a quick, easy, and secure way to receive your government payments. You can use the card to buy things in stores. For reprint and licensing requests for this article, https://www.linkedin.com/in/kate-fitzgerald-0148723, Banks' deposit insurance costs could soar after First Republic failure, NCUA garners feedback on climate risks facing credit unions, Banking leaders hope First Republic deal ends seven-week crisis. Certain types of purchases (such as those you may make at gas stations, restaurants or hotel reservations) require a pre-authorization that temporarily puts a hold on a portion of your card funds. For card account information, visit www . Calling right away will help make sure you aren't held responsible for any unauthorized transactions made with your lost card. Payments can be made through their user-friendly customer interface or by calling your local office for manual input. These problems werent confined to California. There is no monthly or inactivity fee and your money does not expire. And EIP cards came with their own set of fees, including out-of-network ATM fees. You must first activate your card by phone before you can use it. You might find ways to spend your money that are cheaper than a prepaid card. Government Prepaid Debit Card Home Page Bank of America https://prepaid.bankofamerica.com/GovernmentCard/Home/Index For questions about your claim status, please visit your agency's website. No waiting to get a check cashed. How do I check my balance without paying a fee? GovCard is powered by Evolv. A Visa Prepaid card offers government entities an efficient, low-cost method for disbursing benefit payments. The Affordable Connectivity Program (ACP) is a federal program designed to bring discounted broadband service to qualifying households. off on Tribal lands). We know how important it is to stay in touch with family, be available for job opportunities, and have a phone in case of emergencies. Reported by Visa/PLUS ATM acceptance locations, sourced from Visa Operating Certificates and therefore may be subject to change. Your Economic Impact Card will come in a plain envelope from Money Network Cardholder Services along with important information about the card, instructions for activation, fees, and a note from the U.S. Treasury. You might pay fees when you: You might find many other options with lower fees. Get Started Activate your Card 1 Read the Cardholder Agreement, Fee Schedule and review Transaction Limits. Rest assured that Visas Zero Liability Policy has you covered if your card is ever lost, stolen, or fraudulently used. Comerica will continue to handle the U.S. Treasury's Direct Express prepaid card program, beating out other banks for the third time since the program launched in 2008, despite a high-profile glitch in 2018 that drew lawmakers' scrutiny. Tip: If you already have a bank or credit union account that you are comfortable using to access cash for free, you can also transfer money from your card to this personal account and then withdraw cash in the same way you normally would once it is available.
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