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Economic Impact Payment Card Scam {Jan 2021} EIP Card!

Economic Impact Payment Card Scam {Jan 2021} EIP Card! >> This article will give you all the details about the EIP Card you receive or may find in mailbox.

Are you a U.S. citizen and got a debit card in your mailbox? Are you thinking of throwing it? Then, don’t. You may hear about Economic Impact Payment Card Scam, but let’s know the truth behind it.

People of the United States are quite aware of the CARES Act 2020 when the pandemic hit the world. Badly affecting the human race, it destroyed many economies of the world. 

For sustaining the already going U.S. economy into recession, the policymakers came up with a bill that funded and supported the small and large businesses. This article will open up the same topic. 

What is EIP Card? 

Under the Act, taxpayers will get a stimulus check with some amount to spend by U.S. Government.An Economic Impact Payment Card, short of IEP Card, is a prepaid debit card that the U.S. Treasury used to distribute the stimulus payment.

What is the Economic Impact Payment Card Scam? 

Many citizens of the United States may think that it is a scam or how they can get free money in their mailbox. But in reality, it’s not a fraud but a scheme provided by U.S. Government to uplift the economy through expenditure. So, keep the EIP Card safe. For over $2 trillion, it’s the largest relief package for the economy till now. But remember, it will come in a white envelope with the U.S. Department of the Treasury seal and a return address as “Economic Impact Payment Card.” So, never trust some other entity saying they are providing this card under false pretensions. 

What’s happening under Economic Impact Payment Card Scam?

As we cleared above that, it’s not any scam and safe under the U.S. Government. The IRS and Treasury have begun to send approximately 8 million Americans IEPs via debit card. 

These cards are safe and secure for online transactions or on any store that accepts VISA debit cards. But first, you need to activate it. In our next section, learn how to do that. 

How to activate IEP Card

You don’t need to pay any price to activate your IEP Card. If you want to see your balance and transaction history, visit EIPCard.com whenever you want. Remember always that the Economic Impact Payment Card Scamis not a scam or trap.

  • To activate your card, call on 800-240-8100, a toll-free number. 
  • Then you will tell your name, address, and Social Security number.
  • Then, you will have to create a four-digit PIN for ATM transactions. 
  • If your card has more than one name, the primary cardholder can only activate it. 

Final Verdict 

EIP Cards are being distributed to all eligible people across all 50 states. So, it may be possible that citizens who got a paper check in the first round will get an EIP card in the second round and vice versa. 

This is undertaken by the Treasury Department’s Bureau of the Fiscal Service; therefore, Economic Impact Payment Card Scam is absolutely safe and authentic. President Trump gave Treasury’s U.S. Debit Card program a green signal to rescue the failing economy because of the severe hitting global pandemic. Hence, don’t throw the card away. Please share your opinion on this rescue program with us in the feedback section.

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