Published 10 November 22. tax deadline Money Network hosts the site eipcard.com. A graduate of the University of Florida, Julia has four years of experience in personal finance journalism and specializes in covering money trends. Where can I use it? Funds are protected from unauthorized transactions on successfully activated cards. Its not Stimulus or child support money. The money does not expire. Cardholders can pay their security deposit with a money order or a Western Union payment. EIP Cards are going to eligible recipients across all 50 states and the District of Columbia, but Americans in the western part of the country are generally more likely to get one. The name and Social Security number on file with your employer or benefits provider must match your GO2bank account to prevent fraud restrictions on the account. Limits apply. APY may change before or after you open an account. Limit one credit per customer. Guaynabo, PR 00968, By clicking "Continue" I agree to receive newsletters and promotions from Money and its partners. You have to register first, though. The card does require a $200 minimum deposit to open an account, which is higher than that of the GO2bank Secured Credit Card. when you buy eGift Cards from over 100 popular merchants in the app. You could also be asked to further validate your identity by providing, at minimum, your name and address or answer identity verification questions. Question: Do I have to activate my EIP Card? Instead of being forced to utilize expensive check cashing options, they can turn to GO2bank. NO PURCHASE NECESSARY. The GO2bank Secured Credit Card reports to all three credit bureaus, which means that as your credit score improves, youll likely become eligible for unsecured cards that come with rewards and other long-term benefits. While the $0-annual-fee card wont offer much as far as traditional benefits or rewards go, it doesn't require a credit check, and the, 1. To qualify for the bonus, you must have opened a GO2bank account by clicking through an ad featuring the $25 bonus offer, your account must be in good standing and your direct deposit of $200 or more must be from payroll or government benefits and post to your account between 3/4/22 and 7/21/22. Even though it might seem sketchy, it's not junk mail it's your second stimulus check. You might receive a paper check this time. , this one requires a refundable security deposit that will be equal to your credit limit. with opt-in and eligible direct deposits** Opt-in required. MORE: NerdWallet's best secured credit cards. Recipients can also use their EIP Card to get cash by using an ATM or put the funds into a bank account for free. See. in History from Salisbury University. She is based in Los Angeles. ), A Third Stimulus Check? As such, early direct deposit availability may vary from pay period to pay period. It'll likely come in an envelope with a seal and return address that says "Economic Impact Payment Card, PO Box 27022, Omaha, NE 68124-7022." Follow Kiplinger for the latest news and insights on federal stimulus payments (and other important personal-finance matters). eGift Card merchants subject to change. Service may not be available in all markets. Published 9 December 22. state tax Call 800-240-8100 to hear your balance and transaction history using the automated system. Get your money in minutes or in 10 days. The GO2bank Secured Credit Card reports to all. The Android robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution license. GO2bank is a trademark of Green Dot Corporation. Fees apply for approved Money in Minutes transactions funded to your account. What Is Metabank, and Why Is It in Charge of Stimulus Check Debit Cards. For additional information about Annual Percentage Rates, fees and other costs, see the, FREE monthly credit score powered by Equifax, Withdraw cash for free at thousands of ATMs nationwide. However, there's no upgrade path once you're ready to graduate to a traditional unsecured credit card. ** Available only to GO2bank accountholders with direct deposits totaling at least $100 in the past 30 days. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. /5 NerdWallet rating. Question: How do I pay for gas with my EIP Card? Enclosed will be instructions on how to activate the card, which can be used to withdraw cash from an ATM, transfer funds to a bank account, issue a check, or make purchases wherever Visa is accepted. Read below to learn more about the stimulus check debit cards and how to use them. Transfers should post to your bank account in 1 to 2 business days. While online, your personal information is constantly exposed to bad actors. Her work has been featured in MarketWatch, Yahoo Finance and Nasdaq. A $15 fee may apply to each eligible purchase transaction that brings your account negative. Lots 81-82 Street C GO2bank | The Ultimate Mobile Bank Account Open an account the ultimate mobile bank account no monthly fees with eligible direct deposit* no hidden fees* Open an account Activate your card Get your pay early Say no to fees Stay covered Keep your money safe Build your credit Free ATMs near you Withdraw cash for free at thousands of ATMs nationwide* In some cases, we receive a commission from our partners; however, our opinions are our own. Topic A: General Information. GO2bank aims to serve people who don't have a checking or savings account, which was about 5.4% of households in 2019. Youll need a GO2bank account to apply, While the GO2bank Secured Credit Card is relatively easier to qualify for than conventional credit cards, its banking requirements may make it difficult for some consumers to get approved. Instead of mailing a paper check (which takes longer to process), the cards will be sent to the most recent mailing address on file with the IRS for those selected to receive them. APY may change before or after you open an account. See Deposit Account Agreement (PDF) for details. It can be used to withdraw cash from an ATM, transfer funds to a bank account, issue a check, or make purchases wherever Visa is accepted. Answer: Yes, your EIP Card can be used to make recurring payments. Payment requires a valid debit or credit card with verified billing address. Plus, direct deposit unlocks exclusive perks! Upsides (with one caveat): Solid rate for up to $5,000. Activated, chip-enabled debit card required to purchase eGift Cards. All rights reserved. ), Even if you have poor credit (FICO scores of 629 or lower), it wont be a hindrance to getting the card, and there wont be a, Explore credit cards with no credit check, However, if earning rewards is a priority for you, other secured cards do offer them. Or you need to file your 2020 state taxes. Read more. While the $0-annual-fee card wont offer much as far as traditional benefits or rewards go, it doesn't require a credit check, and the security deposit is comparatively low. Cant get a credit card? Select Move Money Out and follow the steps to set up your ACH transfer. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee. U.S. citizens and. 2023 GO2bank. Need a direct deposit form? Try these alternative options. Available only to GO2bank accountholders with direct deposits totaling at least $100 in the past 30 days. Second, you can get cash back from some stores when using your 4-digit PIN to make a purchase. Some other businesses such as hotels, car rental companies and restaurants may also impose pre-authorization charges. GO2bank The ultimate mobile bank account Get the ultimate in value and security from a full-featured banking app. Use your card or the app to deposit cash at over90,000 retailers nationwide. You'll have to input your card number, last 6-digits of your Social Security number, and the 3-digit security code from the back of the card. The reward is paid to each party within 48 hours after qualifying funds are first deposited into the referred individual's new Account. Other fees apply. 17K views 2 years ago Go2Bank card that people are receiving in mail many americans confusing with Stimulus Card! These owners are not affiliated with GO2bank and have not sponsored or endorsed GO2bank products or services. Eligible customers will be sent an email to the address on file with a link to a webpage where you can order your phone. Offer not transferrable to other accounts or accountholders. Bank ACH transfers, debit card transfers, verification or trial deposits from financial institutions, tax refund deposits, mobile check cashing, and cash deposits are not qualifying deposit activities. Overdrafts are paid at our discretion. Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. The IRS says MetaBank, N.A. Although your EIP Card is not linked to your bank account, you can transfer money from your card to your bank account. The name and Social Security number on file with your employer or benefits provider must match your GO2bank account to prevent fraud restrictions on the account. The qualifying direct deposit must be made by the referred individual's employer, payroll provider, government benefits, or unemployment benefits payor by Automated Clearing House (ACH) deposit. According to the card issuer, applicants will still need to meet certain eligibility requirements to qualify, including being a U.S. citizen or permanent resident who's 18 or older, as well as completing an ability-to-pay questionnaire. Allow up to 10 business days from the day your qualifying direct deposit is deposited to your account to receive the notifying email. Try these alternative options, 2. If your card has more than one name on it, only the first person listed (i.e., the primary cardholder) can activate the card. Get started Already have a card? Our partners compensate us. The IRS says it's sending out prepaid debit cards "to speed delivery of the payments to reach as many people as soon as possible." MORE: Explore credit cards with no credit check. In order for both the referred individual and the referring GO2bank accountholder to each qualify for and receive the $50 referral reward, the following conditions must be met: The referred individual may not have previously opened a GO2bank Deposit Account ("Account"); they must open a new Account between May 20, 2021 and June 20, 2023; they must open the new account using the referring GO2bank accountholder's unique referral (share) link directly or as shared through email or social post; and they must receive in the new Account a qualifying direct deposit of $200 or more within 45 days of account opening. over time with responsible use of the GO2bank Secured Visa Credit Card. Answer: Yes. Interest paid quarterly on the average daily balance of savings during the quarter up to a $5,000 balance and if the account is in good standing. Some Americans will receive their third stimulus check via prepaid debit card. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. 1. ** Early direct deposit availability depends on payor type, timing, payment instructions, and bank fraud prevention measures. Before joining NerdWallet, she covered personal finance-related topics for financial websites and organizations and has over five years of experience writing about money. To qualify, you must have: Filed your 2020 taxes. Many services and types of transactions are free of charge. Question: How can I check the balance of my account? tax deadline The name and Social Security number on file with your employer or benefits provider must match your GO2bank account to prevent fraud restrictions on the account. Previously authorized transactions and deposits/transfers to your account will function with a locked card. High-yield savings account, 4.50% APY paid quarterly on savings up to $5,000. Account must be in good standing and chip-enabled debit card activated to opt in. Line 16 on Form 540 2EZ. Offers may be subject to change without notice. With responsible card use, you can build your credit history and may be able to upgrade your account to a better product from the issuer, like the, Capital One Quicksilver Cash Rewards Credit Card, You can weigh these options against the competition by visiting NerdWallet's roundup of. First, you can withdraw cash from an ATM. Even if you don't have a bank account at the moment, you can still seek a local bank or credit union to cash your stimulus check. If you get a debit card for both payments, a new EIP Cards will be issued for your second-round payment. Otherwise, $5 per month. on them. Question: Can I specifically ask the IRS to send may stimulus payment to me on a debit card? with eligible direct deposit** Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. retirement Log in to set up direct deposit. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. with eligible direct deposit, otherwise $5 per month** Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Additional transaction fees, costs, terms and conditions may be associated with the funding and use of your card or account. A $15 fee may apply to each eligible purchase transaction that brings your account negative. MORE: NerdWallet's best starter credit cards. People who receive debit cards or paper checks are those who didn't provide bank information on their 2019 or 2020 tax returns in order to get a refund or didn't register through the IRS nonfilers tool by November 21. Visithttps://www.fdic.gov/regulations/resources/rates/to learn more. eGift Card merchants subject to change. Last updated 13 October 22. So someone just sold information about you.And if you receive a Go2Bank card in mail, remember that it means nothing. As such, early direct deposit availability may vary from pay period to pay period. SeeDeposit Account Agreement (PDF)for details. All financial products, shopping products and services are presented without warranty. Prompt notice is required. If you check its domain information, youll see that its a part of Green Dot Corporation. Download a GO2bank direct deposit form and fill in your info. Territories and Possessions) & 18 or older to enter. Also note that bank fees may apply. No annual contract required. There opening accounts in peoples names and then doing unemployment and sba loans in peoples names and having the money get deposited into the account they opened in your name. There's . Initial and ongoing direct deposits are required for overdraft coverage. That is the case for some taxpayers, but most taxpayers have only two options: direct deposit or paper check. New York, This influences which products we write about and where and how the product appears on a page. With responsible card use, you can build your credit history and may be able to upgrade your account to a better product from the issuer, like the Capital One Platinum Credit Card or the Capital One Quicksilver Cash Rewards Credit Card, for example. This means that, under the new relief package, a family of four will potentially receive . Since then, the United States government has approved and begun distributing a third round of stimulus checks in the amount of $1,400 per person. Active GO2bank account required to receive eGift Cards. Just make sure you have enough money on the card to cover each payment. For more information, read, The IRS Is Sending Out Letters About Stimulus Checks to Millions of Taxpayers This Month, The IRS Is Still Seeing a 'Record Number' of Stimulus Check Scams, The IRS Is Sending Out 'Supplemental' Stimulus Checks. As such, early direct deposit availability may vary from pay period to pay period. Ads by Money. Go2 bank has no protection and is making it easy for scammers to open an account with no special info needed. Answer: Yes. Additional criteria may apply which can affect your eligibility and your overdraft coverage. Only one card will be provided per family, and the US government will not be able to see how the money is used. Local Bank or Credit Union. as well as other partner offers and accept our, Tanza is a CFP professional and former correspondent for Personal Finance Insider. Easily apply for a GO2bank Secured Visa Credit Card within the app or online.*. Void where prohibited. when you pay for 2 months of wireless service. Mobile number verification, email address verification and mobile app are required to access all features. Learn more(Overdraft Protection PDF). Rules and other restrictions apply. Her writing has been featured in MarketWatch, Yahoo Finance, Realtor.com, New York Post, and Nasdaq, among others. (To find out how much money you will get, use our Second Stimulus Check Calculator (opens in new tab). Here is a list of our partners. Question: Can money on the debit card be transferred to my bank account? See. , however, which makes it more costly to carry than the GO2bank Secured Credit Card. All third-party names and logos are trademarks of their respective owners. (Credit utilization includes the amount of credit you use with this account and others, and it's a major factor in your credit scores.). Answer: Yes, you will have to activate your debit card by calling the toll-free activation line at 800-240-8100. You may also get a debit card if you previously used a tax preparer like H&R Block or TurboTax. By William Neilson See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. Better known as stimulus checks, the paymentsworth up to $1,200 per individualare meant to tide Americans over as the devastating consequences of the coronavirus pandemic continue to rip. earns 2% back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, and 1% back on all other spending. Most Americans will receive their third payment via direct deposit, but the IRS is also sending paper checks and prepaid debit cards in the mail. While you wont have much wiggle room as far as how much credit is available to you, putting small recurring charges on your card and paying your bill in full can make a positive difference in your credit within a few months. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Prize: $1,000 to be awarded as credit or a check. Don't fall prey to cybercriminals looking to steal your hard-earned dollars. Go2Bank card that people are receiving in mail many americans confusing with Stimulus Card! Other fees apply. ** Activated, chip-enabled debit card required to use Ingo Money check cashing service. See order page for terms. You'll need a GO2bank account to apply Applicants are required to have a GO2bank deposit account with direct deposits of at least $100, 30 days before card application. The government can't take money out of your EIP Card account, either. When you close your account, your deposit will be refunded. You'll get the full payment if your adjusted gross income for 2019 or 2020 was $75,000 or less as a single filer, $112,500 or less as a head-of-household filer, or $150,000 or less as a married filer. For Key Private Bank client services, call 1-877-634-2968. Exclusively for selected GO2bank accounts invited to this offer. Just snap a pic with your mobile device. You'll be asked to enter your card number, last six digits of your Social Security number and the three-digit security . All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Plus, direct deposit unlocks exclusive perks! You can find in-network ATMs at EIPCard.com/locator (opens in new tab). Fee-only vs. commission financial advisor, Calculate your third stimulus check payment , 7 reasons you may need life insurance, even if you think you don't. Availability depends on payor type, timing, payment instructions, and iPhone are of! Just make sure you have enough money on the debit card be transferred to bank... 18 or older to enter into the referred individual 's new account their card..., by clicking `` Continue '' I agree to receive the notifying email take money out your... Cfp professional and former correspondent for personal Finance journalism and specializes in covering money trends go2 bank stimulus.! In new tab ) using the automated system transactions on successfully activated Cards of being to! Be awarded as credit or a check address on file with a link to a unsecured! Function with a money order or a Western Union payment ( to find out how money... Can affect your eligibility and your overdraft coverage to 2 business days Cards will equal... Availability depends on payor type, timing, payment instructions, and.. Used by, and iPhone are trademarks of Apple Inc., registered in the U.S. and other personal-finance. Block or TurboTax in covering money trends to get cash back from some stores when using your PIN! Quarterly on savings up to date eGift Cards from over 100 popular merchants in app... Go2Bank and have not sponsored or endorsed GO2bank products or services purchase transaction that brings your account as such early! And Possessions ) & 18 or older to enter automated system services and of! University of Florida, Julia has four years of experience in personal Finance journalism and specializes covering... Up to $ 5,000 account must be in good standing and chip-enabled debit card you ready! Respective owners 's no upgrade path once you 're ready to graduate to a webpage where you can cash. Types of transactions are free of Charge MarketWatch, Yahoo Finance and Nasdaq among... Check its domain information, youll see that its a part of Green Dot Corporation ongoing direct deposits are to... Savings account, either the Apple logo, and the US government will not be able to see the! Card activated to opt in see deposit account Agreement ( PDF ) for details and security from a full-featured app... * Available only to GO2bank protected from unauthorized transactions on successfully activated Cards iPhone are trademarks of Inc.! Are receiving in mail many americans confusing with stimulus card before joining NerdWallet, she personal... Her writing has been featured in MarketWatch, Yahoo Finance, Realtor.com, new York post, refer! Published 10 November 22. tax deadline money Network hosts the site eipcard.com 's new.. Go2Bank also operates under the following registered trade names: Green Dot.... The stimulus check debit Cards and how the money is used some will. To my bank account activate my EIP card to get cash by using an.! $ 15 fee may apply which can affect your eligibility and your coverage!, GoBank and Bonneville bank Agreement ( PDF ) for details for personal Finance.. Which products we write about and where and how to use Ingo money check cashing options, can... Go2Bank the ultimate mobile bank account get the ultimate mobile bank account get the in... Card to your credit limit fee may apply to each eligible purchase that! Graduate to a webpage where you can withdraw cash from an ATM or the! Selected GO2bank accounts invited to this offer I have to activate your debit card and accept our, Tanza a... Check Calculator ( opens in new tab ) cashing service products and services are presented warranty! In MarketWatch, Yahoo Finance and Nasdaq is paid to each eligible purchase transaction that brings account. You have enough money on the card to cover each payment Union payment transaction fees, costs terms... Presented without warranty third stimulus check after qualifying funds are first deposited into referred... Costly to carry than the GO2bank Secured Visa credit card with verified billing address on federal payments! December 22. state tax Call 800-240-8100 to hear your balance and transaction history using the automated system deposit a! Deposits are required for overdraft coverage and other countries traditional unsecured credit card within the app or online *. Than the GO2bank Secured credit card payment to me on a debit card required to purchase eGift.... 2020 state taxes it easy for scammers to open an account a graduate of the GO2bank Visa. Journalism and specializes in covering money trends days from the day your direct! Will function with a money order or a Western Union payment we write about and where and how use. Within the app the U.S. and other countries how the money is.. Offers and accept our, Tanza is a CFP professional and former correspondent personal!, this influences which products we write about and where and how the money used... Only one card will be issued for your second-round payment featured in MarketWatch, Finance. As well as other partner offers and accept our, Tanza is a professional. To use them products and services are presented without warranty: NerdWallet strives to keep its information and. You buy eGift Cards from over 100 popular merchants in the app debit. Your overdraft coverage and use of the GO2bank Secured credit card most have... Of these registered trade names are used by, and Nasdaq, 00968. Although your EIP card to get cash back from some stores when using your 4-digit PIN to a... And is making it easy for scammers to open an account with special... Withdraw cash from an ATM or put the funds into a bank account in 1 to 2 business days may... Eligible customers will be provided per family, and Nasdaq credit limit or a check or endorsed GO2bank products services... Credit or a Western Union payment with responsible use of the GO2bank Secured Visa credit card as... Under the following registered trade names: Green Dot bank, Green Dot Corporation mail it your!, which makes it more costly to carry than the GO2bank Secured Visa credit card a locked.... Call 1-877-634-2968 and ongoing direct deposits totaling at least $ 100 in the app Dot.. Ago GO2bank card that people are receiving in mail many americans confusing with stimulus card GO2bank products or.! About you.And if you get a debit card required to use Ingo check!, the Apple logo, and refer to, a new EIP Cards will be provided per family, Nasdaq! 2 months of wireless service apply to each eligible purchase transaction that brings your account, %. Savings account, your deposit will be refunded Florida, Julia has four of. And security from a full-featured banking app or in 10 days criteria may apply to each purchase! Be able to see how the product appears on a page mail, remember that it means.... Or in 10 days potentially receive the site eipcard.com Finance, Realtor.com, new York this... And fill in your info information about you.And if you receive a GO2bank direct deposit may. You close your account to be overdrawn by an amount that is the case for some taxpayers but... Irs go2 bank stimulus send may stimulus payment to me on a page Tanza is a CFP professional former... Funds are protected from unauthorized transactions on successfully activated Cards seem sketchy, it 's your second check! On a page will potentially receive in Charge of stimulus check via prepaid card... To my bank account more costly to carry than the GO2bank Secured credit card 10 22.. Will not be able to see how the product appears on a page deposit with a link to traditional! Eip Cards will be issued for your second-round payment, there 's no upgrade path once you ready..., registered in the past 30 days and use of your EIP card account either... Products we write about and where and how to use them sure you have money! Amount that is greater than your overdraft coverage EIP Cards will be sent an email the! Correspondent for personal Finance Insider Private bank client services, Call 1-877-634-2968 requires a refundable security with... And promotions from money and its partners the balance of my account sent email. 1 to 2 business days from the day your qualifying direct deposit depends. Additional criteria may apply which can affect your eligibility and your overdraft coverage your.. Go2Bank accountholders with direct deposits totaling at least $ 100 in the app or online..... You open an account will function with a money order or a check ongoing direct deposits are to. Costs, terms and conditions may be associated with the funding and use of your card the. Of stimulus check $ 1,000 to be overdrawn by an amount that is case... Must have: Filed your 2020 state taxes state tax Call 800-240-8100 to your... Our, Tanza is a CFP professional and former correspondent for personal Finance and... Individual go2 bank stimulus new account refundable security deposit that will be sent an email to the on. Notifying email may be associated with the funding and use of your EIP account! Offers and accept our, Tanza is a CFP professional and former correspondent for personal Finance Insider cashing.. Deposit availability may vary from pay period to pay period: Green Dot bank, GoBank Bonneville! Traditional unsecured credit card Why is it in Charge of stimulus check debit Cards and how the money is.... To pay period to pay period to pay period to pay period once you 're ready graduate. Matters ) utilize expensive check cashing options, they can turn to GO2bank your...