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CFPB Releases Video on Receiving EIPs Via Prepaid Debit Card

Wednesday, May 20, 2020   (0 Comments)
Posted by: Amanda Averch
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With approximately 4 million individuals receiving their CARES Act economic impact payment on a prepaid debit card beginning this week, the Consumer Financial Protection Bureau today released an informational video in both English and Spanish on how they can access their funds.‌

Consumers may receive their payment on a Visa-branded, prepaid card issued by MetaBank. The video provides an example of what the card will look like and instructs consumers that they must activate their card in order to access the funds. Once the card is activated, consumers may use it to get cash, request a check or make purchases anywhere that Visa debit cards are accepted. Watch the video. Learn more.‌

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