IRS Stimulus Debit Card February 2024: When Can You Expect Stimulus Debit Card?

Get the necessary information on the IRS Stimulus Debit Card February 2024: When Can You Expect Stimulus Debit Card? When the stimulus checks were started after the pandemic, the expectations of the countrymen rose. They want to get the funds for managing the cost of living especially when they are retired, survivors, or disabled. Though the concern is suitable, the IRS and concerned departments are working on the same to meet the expectations of the people. The citizens can apply for the EIP to get the benefits of the IRS Stimulus Debit Card February. The application process is simple, you will find the details in this article.

IRS Stimulus Debit Card February 2024

Are you one of those beneficiaries who have applied for the stimulus checks at the time of the COVID-19 Pandemic? If you have filed the tax return on time for the years 2029 and 2020 then you will receive the payment in the month of February 2024. The announcement has been made by the Internal Revenue Service recently for the sake of the individuals.

The Bureau of Fiscal Service has introduced the concept of debit cards to ease the entire payment transaction process to the bank accounts of the beneficiaries. This is an efficient part of the Treasury Department to provide ease to the citizens. The latest news suggests that the citizens will receive the debit cards in Feb’24 for the applications that they had submitted previously.

Important Links

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  4. $5,500 Payment Coming for Families
  5. $5,000 Increase for Low Income Social Security
  6. Fourth Stimulus Checks

What is an Economic Impact Payment Card?

During the time of the COVID-19 Pandemic, the authorities were sending relief funds via paychecks. This was a hassle process for the officials thus they have decided to make use of the debit cards that are essentially the EIP Cards. The authorities can track the usage of these cards via withdrawals or any other transactions. Kindly note that no fee is applicable for eligible citizens who are willing to get the card.

IRS Stimulus Debit Card February

The debit card can be used to purchase essentials at the retail store, in an ATM, or to transfer payments. The payment data can be checked from the mobile app or the banking app in which they have their primary account.

EIP Card Features

Before applying for or checking the EIP Card transaction limit, the applicants must know the promisable features. Some of these are discussed below:

  • Quick and Easy Access: In-store or online purchases can be done conveniently with such cards.
  • Efficient to Use: Simply scratch the card in the machine to take the benefits.
  • Assured Security: Do not share the PIN with anyone while accessing the card. The authorities will ensure that your card information is safe with them.

Browse the leading portal if you want to know more details about the card.

EIP Card Transaction Limit

The limit is according to the day transactions that are made by the cardholder. This was last updated on September 2023.  Below listed are some of the limits for the EIP Cards:

Limit Type  Amount 
ATM Withdrawal Limit $1,000
Point-of-Sale (POS) Transactions $2500
Bank/Teller Over-the-Counter Withdrawal $6000
ACH Transfer to Domestic Bank $6000
Money Network Check Limit $9,999.99

It can be understood that the limit is from $1000 to $9,999.99 according to the type of limit that you are applying. The seniors will be free from the cash transactions that are full of hassle.

 

Important Links

  1. IRS Tax Changes 2024
  2. Food Checks Increase 2024
  3. New Year Stimulus Payments 2024
  4. $1489 Or $1848 Stimulus Checks
  5. $5,500 Payment Coming for Families
  6. COLA Increase 2024

When Can You Expect Stimulus Debit Card?

The citizens have to submit an application to get a debit card. They have to visit the epicard.com to complete the procedure. The applicants need to tap on ‘Get Started’. To activate the card, the applicant needs to read the card agreement carefully and check the transaction limits. Once the application is reviewed, the candidates must wait for the verification.

The update for the card shall be shared on the registered email. For the final activation of the debit card, the cardholders have to call the concerned authorities. They will quickly review the details and help you to start the card. The beneficiaries can expect the stimulus debit card within certain business days.

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