4 million prepaid debit cards have been mailed as of now.
There are also some undeniable cons of getting a prepaid debit card. You might worry about how easy it would be for it to get lost or stolen in the mail. You’re not completely without options if that happens — you can call a number to report it, but there’s a. Another disadvantage is that only one prepaid card will be issued per household.
That means if you filed jointly with your spouse or have a dependent, all of your funds will be pooled into one card, and you’ll have to make several bank transfers or a cash withdrawal if you want to keep track of the money separately.The IRS says that the card will arrive “in a plain envelope from Money Network Cardholder Services.” On the back of the card, you’ll see that it was issued by MetaBank and that it is an “Economic Impact Payment Card” — aka your stimulus payment.
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