Plus, if you happen to be outside the US, you’ll be charged an even higher $3 fee by Metabank to withdraw cash from an ATM, no matter what machine you use, plus any additional fee charged by the ATM operator. First, Metabank, which issues the card on behalf of the Treasury Department, will charge you a $2 fee each time you withdraw cash on a non-network ATM (though it will waive the fee once, for your first ATM withdrawal).Īnd second, the owner of the ATM itself may charge you a fee, which can range from 99 cents to several dollars, depending on the machine. You can find a list of all the network ATM’s on the EIP Card website.īut if you use a machine outside of that network, you’re at risk of paying not just one, but two separate fees. When you use your stimulus debit card at an ATM within the AllPoint network, you won’t pay a fee at all. However, it’s important that you use the right ATM so it doesn’t cost you extra. You can get cash from your stimulus debit card at any ATM, up to $1,000 per day (though some bank ATM limits may be lower). But what shouldn’t you do with your stimulus debit card?ĭon’t use your stimulus debit card at the wrong ATM Regardless of which of these methods you use, they’re all safe ways to get your stimulus money and not get charged extra. Plus, if the money is in your own account, you might be able to save some of it to use down the line, especially if you’ve created a spending plan.
There’s no fee for these checks, but you need to call and get a transaction number every time you write a check, so it’s not the most convenient method.īy instead moving the money in its entirety from your stimulus debit card to your bank account, you can easily use it for payments where a Visa debit card isn’t accepted, such as for your rent or mortgage. It’s also possible to write a check from the money on your stimulus debit card, but to do so, you’ll need to call customer service and ask for Money Network checks to be mailed to you. You won't be charged a fee when using your stimulus debit card at any store that accepts Visa cards. Thinking about a new credit card? Check out CNN Underscored’s list of the best credit cards of 2021. And if you’re physically in a store, you may also be able to get cash back when you make a purchase without incurring an extra charge. This includes in stores, online or over the phone. If you don’t have a bank account, you can also make purchases with your card anywhere Visa debit cards are accepted without being charged a fee. To transfer money from your stimulus debit card to your bank account, go to the EIP Card website or use the Money Network mobile app, and select the option to “Move Money Out.” You’ll need both the routing number and the account number from your bank account to make the transfer. That means most people should be able to transfer their entire stimulus payment in one swoop, though for those with large families, it could take two or three transfers to get it all into your bank account. You can make transfers from the card to your bank account at no charge, and the limit is a relatively high $2,500 per day. If you have a personal bank account, your best bet is to transfer the entire debit card balance to your own account. The easiest ways to use your stimulus debit card without a fee Fortunately, it’s relatively easy to use the card in ways that won’t get you charged. If you do get an EIP Card with the third stimulus payment, it’s essentially a prepaid Visa debit card, and you probably know that prepaid debit cards often come with fees.
You’ll either receive a new card in the mail or a check. But if you received an EIP card before, your new payment will not be added to your old card.
Not everyone who received their payment on a EIP card in either the first or second round will get an EIP card this time, and some people who got their first two payments by check will get a card this time. But as was the case the first two times around, some Americans will receive their payment in the form of an Economic Impact Payment (EIP) Card instead. The third round of stimulus payments are going out now, and most people are receiving their money either via check or direct deposit. Your CNN account Log in to your CNN account
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