If youâve recently received a notice in the mail stating âenclosed is your Economic Impact Payment Card,â along with a VISA debit card - donât disregard it. It is the real federal economic stimulus payment - in plastic form.Â
The Economic Impact Payment Card (EIP Card), provided through Money Network, contains the money you are receiving under the COVID-related Tax Relief Act of 2020 or the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The EIP Card is sponsored by the U.S. Department of the Treasury Bureau of the Fiscal Service as part of the US Debit Card Program.