According to what Go2Banks representative said they use third-party information to get people mailing addresses. Withdraw cash for free at thousands of ATMs nationwide** See app for free ATM locations. How generous is your state when it comes to helping retired veterans at tax time? How 12 Types of Retirement Income Get Taxed, 10 Least Tax-Friendly States for Middle-Class Families, 10 Most Tax-Friendly States for Middle-Class Families, 15 States That Tax Military Retirement Pay (and Other States That Don't), Penalties for Filing Your Tax Return Late, Sign up free for our daily Kiplinger Today e-newsletter. Read more. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. Skip a call & save time! Your wireless carrier may charge a fee for data usage. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. And make sure you put the money to good use! ), A Third Stimulus Check? Rocky holds a law degree from the University of Connecticut and a B.A. The name and Social Security number on file with the Internal Revenue Service must match your GO2bank account exactly or we will decline your deposit.. Select Move Money Out and follow the steps to set up your ACH transfer. Exclusively for selected GO2bank accounts invited to this offer. The name and Social Security number on file with the Internal Revenue Service must match your GO2bank account exactly or we will decline your deposit.. 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. The cards come with some nice features, but there are also some special rules for their use. Cardholders can pay their security deposit with a money order or a Western Union payment. SeeDeposit Account Agreement (PDF)for details. 4.50% Annual Percentage Yield (APY) as of March 2023. So you can hit the ground running if an EIP Card shows up in your mailbox, here are answers to a few important questions you're likely to have about your second stimulus payment debit card. When you buy through our links, Insider may earn an affiliate commission. Account must be in good standing and chip-enabled debit card activated to opt in. 5.0. Key Private Bank. So someone just sold information about you.And if you receive a Go2Bank card in mail, remember that it means nothing. By Joy Taylor eGift Card merchants subject to change. Overdrafts are paid at our discretion. Earn over 10x the national savings rate average. Published 17 April 23. Most people who qualify for a third stimulus check will get their money via direct deposit to their bank account. Her work has been featured in MarketWatch, Yahoo Finance and Nasdaq. Follow Kiplinger for the latest news and insights on federal stimulus payments (and other important personal-finance matters). Even though it might seem sketchy, it's not junk mail it's your second stimulus check. Get the latest tips you need to manage your money delivered to you biweekly. Go2Bank is a legit company, its not a scam. The GO2bank Secured Credit Card reports to all. If you have an EIP Card, you can request a Money Network Check by calling 800-240-8100. 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. 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. However, a fee is charged for the following EIP Card services and transactions: Check your EIP Card welcome packet and cardholder agreement for more information about fees. Don't throw away that strange letter from Nebraska you just got in the mail. Other fees apply. Service includes talk, text and data and is subject to terms. Activate your card and transfer at least $100 from your GO2bank account to make your security deposit and set your credit limit. The card does require a $200 minimum deposit to open an account, which is higher than that of the GO2bank Secured Credit Card. If asked, make sure you use the correct billing address for your debit card account. Upsides (with one caveat): Solid rate for up to $5,000. Rules and other restrictions apply. Find the best Identity Theft Protection now by clicking on your state. APY may change before or after you open an account. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. when you pay for 2 months of wireless service. Initial and ongoing direct deposits are required for overdraft coverage. Or you need to file your 2020 state taxes. Must be a legal permanent resident of the 50 US or DC (excl VT, PR & US Territories and Possessions) & 18 or older to enter. To do this, the card account has to be in good standing, and cardholders will have to complete an ability-to-pay questionnaire. Heres how it works. If you do receive an EIP Card, you'll probably have a lot of questions about how it works. Referring GO2bank accountholder and referred individual GO2bank accounts must both be in good standing to be eligible for and receive a reward. The check amount will be subtracted from your debit card account balance. Here's what you need to know about the debit cards, MetaBank and more. About 8 million new debit cards were issued for second-round payments. Offer, device and plan are subject to change. Tax Breaks Future US, Inc. Full 7th Floor, 130 West 42nd Street, App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. MORE: How to get credit when you have none. U.S. citizens and permanent residents who are 18 years or older can apply for a GO2bank deposit account online. You may be asked for personal information to verify your identity. Eligibility criteria applies. 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. 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. 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. Question: Can I write a check for payments from my EIP Card account? New York, Except in rare and limited situations, no government agency, including the IRS, will have access to information about your EIP Card activities. NO PURCHASE NECESSARY. Answer: No. Disclaimer: NerdWallet strives to keep its information accurate and up to date. So basically its just another prepaid card brand which struggles to get new customers and thats why send mails with cards to random people.Probably you wonder why you get the card? Must be a legal permanent resident of the 50 U.S. or D.C. (excl. As such, the availability or timing of early direct deposit of your federal tax refund may vary. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms & Conditions and Privacy Policy. Activate your card Call the activation number on the card mailer or the customer service number on the back of your card. Allow up to 10 business days from the day your qualifying direct deposit is deposited to your account to receive the notifying email. The cards - called Economic Impact Payment Cards, or EIP Cards, by the IRS - will. Additional criteria may apply which can affect your eligibility and your overdraft coverage. 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. Limit one credit per customer. The cards called Economic Impact Payment Cards, or EIP Cards, by the IRS will go to certain people who don't have bank information on file with the tax agency. All third-party names and logos are trademarks of their respective owners. Question: Can I get cash using my EIP Card? GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Previously, he was a homepage editor and digital content producer for Fox Sports, and before that a front page editor for Yahoo. Product issued by third party bank, who is a Member FDIC. Just snap a pic with your mobile device. 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. It costs 25 cents to check your balance on an ATM (but it's free online, on the phone or in an app). Make sure you know how much money is on the card, because the bank teller won't be able to check the balance. 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. Government checks are considered safe, which means the banks won't have any issue cashing the stimulus checks for people who aren't their customers. APY may change before or after you open an account. Savings account rates are based on the $2,500 product tier of insured depository institutions for which data is available. No annual contract required. When you're trying to build credit with a secured card, earning rewards shouldn't be a prime concern, especially since you typically won't spend enough to accumulate a significant amount. Our experts choose the best products and services to help make smart decisions with your money (here's how). Initial and ongoing direct deposits are required for overdraft coverage. Pre-qualified offers are not binding. Guaynabo, PR 00968, By clicking "Continue" I agree to receive newsletters and promotions from Money and its partners. It's a Visa with a blue background and white stars. eGift Card merchants subject to change. Account must be in good standing and chip-enabled debit card activated to opt in. And you can deny the Go2Bank offer if you want. The money does not expire. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. 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 hard inquiry on your credit history when you apply. 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. NO annual fee** Annual Percentage Rate is 22.99% and is accurate as of 12/1/2022. Just snap a pic with your mobile device. By David Muhlbaum Limits apply. Answer: No, you can't get additional EIP Cards for other members of your family. Learn more (Overdraft Protection PDF). St. Patrick's Day is the day when the green from those latest stimulus payments will actually flow into many savings and . Previously authorized transactions and deposits/transfers to your account will function with a locked card. Fees apply for approved Money in Minutes transactions funded to your account. Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. 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. Transfers should post to your bank account in 1 to 2 business days. VT, PR & U.S. If your card has more than one name on it, only the first person listed (i.e., the primary cardholder) can activate the card. The, , for example, doesnt require a bank account, which makes it accessible to individuals who are unbanked. The GO2bank Secured Credit Card can be an ideal option for those who want to build or repair their credit. Money Network hosts the site eipcard.com. 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. By Rocky Mengle Protect your identity TODAY. Void where prohibited. 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. 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. 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. Referred individual acknowledges that payment of the reward will result in the referring GO2bank accountholder's knowledge of the individual's new Account. Other names for stimulus checks include Economic Impact Payments and the Recovery Rebate Credit. GO2bank is Green Dot's flagship digital bank. Unapproved checks will not be funded to your account. Already have a GO2bankTM account? Use the IRS's "Get My Payment" Tool to Get an Answer. Ingo Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. Account must be in good standing and chip-enabled debit card activated to opt in. Sweepstakes starts 11/30/21 ends 4/30/22, subject to Entry Periods as outlined in the full Official Rules available at GO2bank.com/50KTax. GO2bank aims to serve people who don't have a checking or savings account, which was about 5.4% of households in 2019. , which means that as your credit score improves, youll likely become eligible for unsecured cards that come with rewards and other long-term benefits. Service may not be available in all markets. 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? 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. Daily cash withdrawal limits may also apply for your EIP Card. ** This influences which products we write about and where and how the product appears on a page. MORE: Cant get a credit card? 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. However, there's no upgrade path once you're ready to graduate to a traditional unsecured credit card. Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Had a California Adjusted Gross Income (CA AGI) of $1 to $75,000 for the 2020 tax year. $3 for out-of-network withdrawals, plus any additional fees the ATM owner or bank may charge. Visit the Help Center to find answers to top questions, live chat, and more. The IRS says MetaBank, N.A. And perhaps most confusingly, the card inside is issued by a company called MetaBank, N.A. She is based in Brooklyn, New York. But they don't look quite as official as you may expect. They function like any other prepaid debit card. You also need to have a Social Security number. The card does require a $200 minimum deposit to open an account, which is higher than that of the GO2bank Secured Credit Card. and Ingo Money, Inc., subject to the First Century Bank and Ingo MoneyTerms & ConditionsandPrivacy Policy. Early direct deposit availability depends on payor type, timing, payment instructions, and bank fraud prevention measures. This puts a temporary extra charge on your card. See Deposit Account Agreement (PDF). 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