3/7/2024 0 Comments Money network stimulus cardThere are two ways to deposit the funds with your financial institution. Can I deposit the funds on my card into my credit union checking account? Then, visit your credit union to withdraw the amount after the funds have been posted to your account. To take the full cash amount out at one time, transfer the funds into your checking account using the eipcard website. Keep in mind, you can incur a fee for out-of-network ATM withdrawals. If your debit card has a balance of $1,200, you might need to make multiple trips to the ATM over multiple days to withdraw the full amount. Yes, but most ATMs limit the amount of cash withdrawn at one time. Can I withdraw the full balance on the card through an ATM for cash? After that, you may be charged two fees-one from the ATM’s financial institution and one from MetaBank. In other words, when making your first out-of-network ATM withdrawal, you may be charged a fee only by the financial institution that owns the ATM. Also, because these are not credit union debit cards, it is highly likely you will be charged a surcharge fee by the institution that owns the ATM, even if it is your own credit union. MetaBank, the card’s issuer, will allow you to do one cash withdrawal at an out-of-network ATM for free, after which withdrawals are $2.00 per transaction. Second, you can use an ATM that is not in-network. Use the ATM Locator to find an in-network ATM near you. You can find in-network ATMs at most CVS, Walgreens, Rite Aid, Shaws, Big Apple, and other stores. First, you can use any in-network Money Network ATM, in which case you will not be charged a fee. You’ll need the number on the front of the card when you make the call. You also can check your balance by calling 1-80. If you set up an account at, you will be able to log in to the site at any time to check your debit card’s balance. The prepaid debit card can be used to make purchases online or at any retail location that accepts VISA. When activating your card, you will be asked to create a 4-digit PIN. I just received my debit card, how do I begin using it?īefore using your Economic Impact Payment Card, you will need to activate it by calling 1-80 (TTY: 1-80). This decision is based on an election made by the federal government that takes into account the location of where your tax return was processed. Why am I receiving a debit card instead of a paper check? Downeast Credit Union realizes this new delivery method may create some confusion so we have worked with the Maine Credit Union League to develop a list of FAQs to help answer questions regarding the use of stimulus debit cards. The Department of Treasury is now issuing Economic Impact Payments (EIP) by prepaid debit card versus a paper check.
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