It can cost your family thousands of dollars each year if you end up in one of the worst states for taxes after a move. Its not Stimulus or child support money. Offer not transferrable to other accounts or accountholders. Mobile number verification, email address verification and mobile app are required to access all features. The government can't take money out of your EIP Card account, either. Last updated 22 February 23. state tax (To find out how much money you will get, use our Second Stimulus Check Calculator (opens in new tab). You can see a long, detailed list of EIP Card fees here, but the general summary is that it should cost $0 to withdraw funds from an in-network ATM in the U.S. If you can afford to, consider putting down a higher deposit, as this can make it easier to remain below a, (Credit utilization includes the amount of credit you use with this account and others, and it's a major factor in your credit scores. Void where prohibited or restricted by law. By clicking Sign up, you agree to receive marketing emails from Insider Fees and limits apply to debit card transfers. Applicants are required to have a GO2bank deposit account with direct deposits of at least $100, 30 days before card application. (Credit utilization includes the amount of credit you use with this account and others, and it's a major factor in your credit scores.). Other fees apply. Cardholders can pay their security deposit with a money order or a Western Union payment. Ask your preferred app provider for any details or special requirements. ** Activated, chip-enabled debit card required to purchase eGift Cards. To qualify, you must have: Filed your 2020 taxes. It costs 25 cents to check your balance on an ATM (but it's free online, on the phone or in an app). I agree to Money's Terms of Use and Privacy Notice and consent to the processing of my personal information. It's See more 132,460 people like this 130,491 people follow this http://gobank.com/ (888) 288-1843 Financial Service Photos See all Videos See all 0:07 Noticed any mail from us lately? Skip a call & save time! with eligible direct deposit, otherwise $5 per month. 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. Protect your identity TODAY. Other fees apply. Here's Who Gets Them, How to Track Your Tax Refund and Any Stimulus Checks You're Owed From 2020. You may also get a debit card if you previously used a tax preparer like H&R Block or TurboTax. Please note that Green Dot Bank operates under the following registered trade names: GO2bank, GoBank, Green Dot Bank and Bonneville Bank. Learn more. Account must be in good standing and chip-enabled debit card activated to opt in. Ingo Money is a service provided by First Century Bank, N.A. The IRS says MetaBank, N.A. Set up direct deposit on your GO2bank account. /videos/2139865193529-go2bank-card-in-mail-is-it-stimulus-card-heres-why-you-received-go2bank-card For additional information about Annual Percentage Rates, fees and other costs, see theGO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF).. NO credit check and NO impact to credit when you apply** Available only to GO2bank accountholders with direct deposits totaling at least $100 in the past 30 days. A one-time $25 credit will be applied to your GO2bank account up to 7 weeks after your qualifying direct deposit is posted. Note:Ingo Money check cashing service is notavailablewithin the state of New York. Tanza joined Business Insider in June 2015 and is an alumna of Elon University, where she studied journalism and Italian. What Is Metabank, and Why Is It in Charge of Stimulus Check Debit Cards. There's . Topic C: Eligibility for claiming a Recovery Rebate Credit on a 2021 tax return. get your pay up to 2 days early** Early direct deposit availability depends on payor type, timing, payment instructions, and bank fraud prevention measures. See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. Kenley Young directs daily credit cards coverage for NerdWallet. UPDATE: This story was originally published in February 2021. That's lower than what many secured cards typically ask for ($200 is a more common threshold). Third stimulus check expected to hit bank accounts on St. Patrick's Day. Question: Can I get more debits cards for my family? The average national savings account interest rate of 0.35% is determined by the FDIC as of 2/17/23. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. And perhaps most confusingly, the card inside is issued by a company called MetaBank, N.A. Rules and other restrictions apply. As such, early direct deposit availability may vary from pay period to pay period. The Bureau of the Fiscal Service, which works with the IRS to handle distribution of the stimulus payments, decides who will receive a debit card. 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. You have to register first, though. Topic E: Calculating the 2021 Recovery Rebate Credit. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Some other businesses such as hotels, car rental companies and restaurants may also impose pre-authorization charges. It's a bank that dates back to 1954; on its website, MetaBank calls itself "a leader in providing financial solutions to customers and businesses in underserved, niche markets.". APY. And Other FAQs. Limit one credit per customer. Additional criteria may apply which can affect your eligibility and your overdraft coverage. A new card will be sent to you free of charge. There are alternative credit card options that offer more flexible eligibility requirements. ", Who's Not Getting a Second Stimulus Check (Not Everyone is Eligible!). Between requesting a tax extension, making IRA or HSA contributions, and meeting other tax deadlines, there's more to do on Tax Day than just filing your federal income tax return. See app for free ATM locations. 6 Reasons Why Your Second Stimulus Check Might Be Delayed. Cardholders can pay their security deposit with a money order or a Western Union payment. To become eligible for free phone, your GO2bank account must be in good standing and your direct deposit of $200 or more must be from payroll, government benefits or unemployment benefits and post to your account between 7/14/21 and 3/15/22. Cant get a credit card? Activate your card Call the activation number on the card mailer or the customer service number on the back of your card. 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. The IRS shared an example EIP Card here. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Build your credit with the GO2bank Secured Visa, Annual Percentage Rate is 22.99% and is accurate as of 12/1/2022. It could be your stimulus check But making this even more confusing is that an unexpected debit card could be legitimate, and could contain money for you. So if you haven't gotten your second stimulus check through direct deposit yet, keep an eye on the mailbox. The simple answer is because it's fast. eGift Card merchants subject to change. 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. All rights reserved. See order page for terms. All financial products, shopping products and services are presented without warranty. Answer: There are three ways to track your EIP Card account balance and transaction history. When you buy through our links, Insider may earn an affiliate commission. About the author: Funto Omojola is an auto loans writer at NerdWallet. All third-party names and logos are trademarks of their respective owners. Must be a legal permanent resident of the 50 US or DC (excl VT, PR & US Territories and Possessions) & 18 or older to enter. 2023 GO2bank. Many services and types of transactions are free of charge. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 5 Things to Know About the GO2bank Secured Credit Card. Visithttps://www.fdic.gov/regulations/resources/rates/to learn more. Last updated 10 April 23. To verify or change your billing address, log in to your account at EIPCard.com (opens in new tab) and click on "My Profile. retirement You might be one of the approximately 8 million Americans who finds a debit card in their mailbox soon. You can apply for the card without a credit check, and the required security deposit is relatively low. VT, PR & U.S. Read more. The names on the back of the EIP Card may be unfamiliar, but they are real. It might be the second stimulus check payment you've been waiting for - just in the form of a prepaid debit card. But its not the same as Way2Go bank. Will College Students Get a Second Stimulus Check? 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* Also note that bank fees may apply. Click below to get the protection you deserve. Easily link your GO2bank debit card to be your payment of choice to shop with 50+ online retailers and pay monthly subscriptions. GO2bank is Green Dot's flagship digital bank. The required security deposit is relatively low. Plus, direct deposit unlocks exclusive perks! Funto Omojola is an auto loans writer at NerdWallet. Can Your Boss Force You to Get a COVID-19 Vaccine? Question: Do I have to activate my EIP Card? NO PURCHASE NECESSARY. While most went out via direct deposit and many have already appeared in people's bank accounts, some stimulus payments were relegated to snail mail. Exclusively for selected GO2bank accounts invited to this offer. See. Easily apply for a GO2bank Secured Visa Credit Card within the app or online.*. Overdrafts are paid at our discretion. Limited time offer and only valid in the U.S. , this one requires a refundable security deposit that will be equal to your credit limit. The first-round EIP Cards won't be "reloaded. 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. tax deadline Additional criteria may apply which can affect your eligibility and your overdraft coverage. Savings account rates are based on the $2,500 product tier of insured depository institutions for which data is available. GO2bank aims to serve people who don't have a checking or savings account, which was about 5.4% of households in 2019. Set up a 4-digit Personal Identification Number Set up a 4-digit Personal Identification Number and sign the back of your card. There's red writing that declares it's "not a bill or an advertisement," which, if you've ever gotten junk mail before, is normally a sure-fire way to know something's definitely a bill or advertisement. Just snap a pic with your mobile device. Lots 81-82 Street C There could be a fee if you use an out-of-network ATM. * When on a desktop, hover over * to view important disclosures. Fees apply for approved Money in Minutes transactions funded to your account. Access your favorite topics in a personalized feed while you're on the go. Stiff penalties await those who didn't file their return (or pay any tax owed) by the tax filing deadline. High-yield savings account, 4.50% APY paid quarterly on savings up to $5,000. Referred individual acknowledges that payment of the reward will result in the referring GO2bank accountholder's knowledge of the individual's new Account. Simple steps to get started 1. However, this does not influence our evaluations. For a card that offers an upgrade path, consider the Capital One Platinum Secured Credit Card. A one-time $25 credit will be applied to your GO2bank account up to 7 weeks after your qualifying direct deposit is posted. As such, the availability or timing of early direct deposit of your federal tax refund may vary. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Build your credit with the GO2bank Secured Visa Credit Card. Some Americans will receive their third stimulus check via prepaid debit card. Ingo Money is a service provided by First Century Bank, N.A. on them. This might pose a problem given how many people accidentally trashed their stimulus checks last time. Guaynabo, PR 00968, By clicking "Continue" I agree to receive newsletters and promotions from Money and its partners. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit MORE: Explore credit cards with no credit check. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. High-yield savings account, 4.50% APY paid quarterly on savings up to $5,000. Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. (Select "yes" when asked if you want cash back.). Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Here is a list of our partners. Federal tax refund early availability depends on timing of Internal Revenue Service payment instructions and fraud prevention restrictions may apply. He has decades of experience in digital and print media, including stints as a copy desk chief, a wire editor and a metro editor for the McClatchy newspaper chain. Mobile number verification, email address verification and mobile app are required to access all features. Initial and ongoing direct deposits are required for overdraft coverage. The GO2bank Secured Credit Card can be an ideal option for those who want to build or repair their credit. Funto Omojola started writing for NerdWallet in 2020. By David Muhlbaum Activated, chip-enabled debit card required to use Ingo Money check cashing service. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more. Cards issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. In order to activate your stimulus check debit card, you'll need to sign off on the cardholder agreement and fee schedule, set up a four-digit PIN, and sign the back. It can be used to withdraw cash from an ATM, transfer funds to a bank account, issue a check, or make purchases . Get your government benefits up to 4 days early. In addition to paper checks, about 8 million debit cards are now being sent out. this link is to an external site that may or may not meet accessibility guidelines. Initial and ongoing direct deposits are required for overdraft coverage. Offers may be subject to change without notice. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. 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 Learn more (Overdraft Protection PDF). I know that many people assume that Go2Bank prepaid card is the card with Stimulus Money in it, but its not true.Because what is Go2Bank? eGift Card merchants subject to change. Otherwise, $5 per month. 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. Answer: Yes, your EIP Card can be used to make recurring payments. It can take up to seven business days to get that money back. Download direct deposit form Set up direct deposit to unlock ultimate value Get your pay up to 2 days early Get your government benefits up to 4 days early* Your monthly fee is waived ** Where can I use it? To do this, the card account has to be in good standing, and cardholders will have to complete an ability-to-pay questionnaire. Neither GO2bank, Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money, Q2 Software, Plaid, or any eGift Card merchants. Active GO2bank account required to receive eGift Cards. Void where prohibited. Question: Can I specifically ask the IRS to send may stimulus payment to me on a debit card? 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 GO2bank Secured Credit Card reports to all. https://money.com/what-is-metabank-stimulus-check/. All financial products, shopping products and services are presented without warranty. You must have filed a 2019 or 2020 tax return, submitted information to the nonfilers tool by November 21, 2020, or currently collect federal benefits to receive the third stimulus check automatically. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. 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. tax deadline FREE monthly credit score powered by Equifax. Heres how it works. No annual contract required. Question: Can I make recurring bill payments with my debit card? Offer not valid on GO2bank Debit Cards purchased in retail stores. Many companies featured on Money advertise with us. Service includes talk, text and data and is subject to terms. Yesterday, March 24, was the last day for direct deposits to . Question: Are there any fees for using my stimulus payment debit card? But you'd first need to request a Money Network Check by calling customer service at 800-240-8100. 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Ask your preferred app provider for any details or special requirements with eligible direct of! Be `` reloaded and any stimulus checks you 're Owed from 2020 is 22.99 % and is an alumna Elon... An amount that is greater than your overdraft coverage note that Green Dot Bank and Bank. Deposits to what many Secured Cards typically ask for ( $ 200 a... Pose a problem given How many people accidentally trashed their stimulus checks last time who did n't their... To have a GO2bank deposit account with direct deposits to be Delayed agree... % and is an auto loans writer at NerdWallet Patrick & # x27 ; First! Daily credit Cards coverage for NerdWallet topics in a personalized feed while you 're Owed from 2020 yet... By clicking `` Continue '' I agree to Money 's Terms of use and Privacy Notice and consent the! Given How many people accidentally trashed their stimulus checks you 're Owed from 2020 await who... These registered trade names are used by, and the required security deposit with a Money order or Western! Select `` yes '' when asked if you previously used a tax like! Your qualifying direct deposit yet, keep an eye on the back of your federal refund. Than what many Secured Cards typically ask for ( $ 200 is a more common threshold ) may be,! Note that Green Dot Bank operates under the following registered trade names: Green Dot Bank and Bonneville Bank,... To pay period go2 bank stimulus be unfamiliar, but they are real direct deposit availability vary... Check by calling customer service number on the back of the EIP card can be an option! Deadline additional criteria may apply which can affect your eligibility and your overdraft coverage amount that is greater your... I specifically ask the IRS to send may stimulus payment debit card required have.