Economic Impact Payment Cards: What to know if you were expecting a paper stimulus check

Surprise. It won’t be an economic stimulus check for millions of people. It will be a card.

For those still awaiting a paper stimulus check, it’s probably not coming. The Treasury Department announced on Monday that the long-awaited economic stimulus checks will instead appear as prepaid debit cards called Economic Impact Payment Cards, or EIP cards. The cards will begin appearing in mailboxes this week for some four million taxpayers who didn’t have direct deposit information on file with the IRS.

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