This pandemic has changed everything, it’s very unsettling and also, very confusing. Masks, isolation, stimulus checks, tele-health, zoom, scams, food pantries, are just some of the new realities. For seniors in town, a great resource to turn to is our own Council on Aging. Beyond trips and games the CoA has experts who can help make sense of all this.
Specifics: The CoA produces Bits & Bytes, a bi-monthly newsletter, recently dedicated to disseminating Covid-19 information. It’s free and you can sign up here: Click
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Latest issue: Bits & Bytes -May 15, 2020
A recent issue has come up that we want to share with you.
MONEY: We have just learned the Internal Revenue Service (IRS) will start sending out stimulus payments in the form of debit cards. This is a new way of distributing money for the IRS and is both potentially confusing and susceptible to scams and often gets confused with junk mail.
Representative Seth Moulton Says: Economic Impact Payments On Prepaid Debit Cards
Some payments are being sent by prepaid debit card. The debit cards arrive in a plain envelope from “Money Network Cardholder Services.”
Those who receive their Economic Impact Payment by prepaid debit card can do the following without any fees.
Make purchases online and at any retail location where Visa is accepted.
* Get cash from in-network ATMs.
*Transfer funds to their personal bank account.
*Check their card balance online, by mobile app or by phone.
To learn how, visit https://www.eipcard.com/faq or www.irs.gov/eipfaq. Additional information is available in IRS News Release 2020-105, copy attached. For an electronic version of the IRS news release easily shared on social media visit IRS.gov/newsroom.
Here is more information on the cards:
Check your junk mail — 4 million Americans are getting their stimulus payments as prepaid debit cards, not checks
MarketWatch – May 28, 2020
The EIP Cards come in plain white envelopes, which some people have thrown away by mistake.
There are a lot of questions about the cards and other items. Please call the CoA with questions. We have experts who can either answer your questions or steer you to the right place.
CONTACT THE CoA (781) 275-6825