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Belco's Online Banking

Archive for June, 2020

Don’t Toss That Junk Mail — It Might be Your Stimulus Payment

access_time Posted on: June 9th, 2020

Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card — and many are mistaking it for junk mail. Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) as prepaid debit cards. The cards arrive in plain white envelopes that are strikingly similar to junk mail from credit card companies and scam mail. There’s no way to know that the card is from the federal government unless the recipient knows to expect it. Reports are already pouring in from all over the country of people mistakenly tossing their EIP cards along with their… read more »