The Internal Revenue Service (IRS) has announced that nearly four million taxpayers will receive their Economic Impact Payment by Prepaid Debit Card. This method can be very convenient. But what happens if people misplace or lose their card?
Follow These Steps
If you receive your Economic Impact Payment by prepaid debit card and you misplace the card, or the card gets stolen, then follow these steps:
- Log in online at EIPCard.com to prevent unauthorized transactions or ATM withdrawals while you look for your card.
- If your card is permanently lost, it’s important that you call customer service at 1.800.240.8100 to report your lost or stolen card immediately.
- For cards with more than one name, only the primary cardholder (listed first on the card) must make the call.
Once you have reported your card, a replacement card will be ordered. The first replacement card is free, and a $7.50 fee will be applied for any subsequent replacements.
What if I Accidentally Destroyed or Misplaced my Card?
On the other hand, if you accidentally destroyed or misplaced your card, call the same customer service number (1.800.240.8100) and select the “Lost/Stolen” option. The same replacement fees explained above will be applied, with the first replacement card being free of charge,
Remember that as of this time you cannot request the IRS to send your Economic Impact Payment by prepaid debit card. If you haven’t received your Economic Impact Payment yet, you can use the online tool Get My Payment of the IRS website to check the current status of your payment.
You can get more information about the Economic Impact Payment prepaid cards visiting www.eipcard.com.
Get Guidance From the Experts
The government’s response to COVID-19 changes constantly, so it’s important to stay updated. You can check the IRS website or this blog to get the latest news. It’s also a good idea to get advice from an expert who can help you get advantage of all the relief initiatives unrolled by the government.
At Meadville Tax Services we have the know-how and the drive to assist you so you can file your taxes efficiently, limiting your tax liability while staying compliant with federal tax regulations.