How to Transfer Money from Stimulus Debit Card to Bank Account

The IRS mailed millions of Stimulus Debit Cards (EIP Cards) during the first and second rounds of stimulus payments and are likely to send many more during the third stimulus payment. If you received one and want to know how to move your money from the card, we can help you. In this post, we will walk you through the step-by-step process to transfer money from stimulus debit card into your own bank account.

"Transfer funds from stimulus debit card to personal account"

Why Did I Receive a Stimulus Debit Card?

While most people received their stimulus money via check or direct deposit, not everyone did. Here’s why.

The IRS sent out stimulus payment using three different methods:

  • Direct Deposit
  • Paper Check
  • Economic Impact Payment (EIP) Card, otherwise known as Stimulus Debit Card

If you didn’t get your payment via direct deposit and did not get a paper check either, then you are probably one of the people that got the EIP Card.

The IRS sent 4 million Stimulus Debit Card during the first set of stimulus payments.

Furthermore, the agency sent out 8 million EIP cards during the second round of stimulus payments.

Here’s why you received a Stimulus Debit Card:

The IRS sent you an EIP card because they did not have your banking information on file and they wanted to speed up payment delivery.

Your debit card will usually come with the following statement inside the envelope.

"Why Did I Receive a Stimulus Debit Card"

How to Transfer Money From your Card to your bank account

To transfer money from your Stimulus Debit card to your own bank account, you first have to activate your card.

Once your card is activated, you can use one of the three options listed below to transfer the funds from your card.

Here’s how to activate your card:

How to Activate Stimulus Debit Card

To activate your Stimulus Debit Card, follow the instructions below:

Step 1 – Call EIP Card Number

The first step in activating your Stimulus Debit Card is to call the EIP Card Phone Number at 1.800.240.8100.

When you call the number, you will get a greeting from an auto attendant from the Money Network.

The attendant will inform you that you received an EIP Card because you were eligible for an Economic Impact Payment (EIP) or stimulus payment.

You will also be informed that your EIP Card or Stimulus debit card is not reloadable.

Therefore, if you are eligible for the second round or third round of stimulus payments, you will be issued a new EIP card. IRS.GOV/EIP Payment – EIP

Next, press “1” for English.

Step 2 – Enter your Stimulus Debit Card Number

You will then be presented with menu options to choose from.

Press “1 to activate your card.

Next, you will be asked to enter the following information to activate your Stimulus Debit Card:

  • Stimulus Debit Card Number
  • Last 6-digits of your social security number
  • 3-digit security code from the back of your Card

If you provide the correct information requested above, you should be able to complete the card activation process.

However, it is possible that you may be asked to provide additional personally-identifying information, including your name and address.

Alternatively, you may be asked to answer identity verification questions in order to complete the activation process.

Step 3 – Card is Ready for Use

Next, you will be asked to create a 4-digit PIN required for ATM transactions and automated assistance and to hear your balance.

For your Account security, do not use personal information as your PIN.

Also, for debit cards with more than one name, only the primary Cardholder (listed first on the Card) may activate the Card.

Step 4 – Card is Ready for Use

Congratulations!! You have successfully activated your Stimulus Debit Card. Your card is now ready to be used.

How to Transfer Money from Stimulus Debit Card

Once you have successfully activated your stimulus debit card, you can now transfer money from the card into your own bank account.

There are three options available to you to transfer money from a stimulus debit card.

In our experience, the online option is the easiest (through an ACH Transfer as explained in option 1 below).

Option 1 – Transfer Money Online

To be able to transfer the funds on your stimulus debit card online, you must have an online account.

If you do not have an online account, we will help you sign up for one.

Step 1 – Login to Online account

First, you have to log in to your Stimulus debit card account. Click here to be taken there.

Skip to Step 2 below if you already have an online account.

If you do not have an online account, here’s how to sign up:

The first step is to visit the EIP card website. Click here to be taken there.

Once on the site, click the “LOGIN” link as shown below.

"How do I log in to my EIP Card account"

Next, click on the “Register Now” link as shown below.

"How to register for Stimulus card online account"

You will be taken to the page below where you will be asked for your 16 or 19 Digit Stimulus Card Number and expiration date to begin the registration process.

How to register for Stimulus card online account 1"

Enter the requested information and click “Enter” to continue the registration process.

Once you have completed all the 5 steps in the registration process, you can move to step 2 below to transfer the money from your card account online.

Login in to your account online with your new User ID and Password, then follow the steps below.

Step 2 – Select “Transfers in the U.S.

Next, log in to your Stimulus debit card account.

Once you have logged into your online account, Select “Transfers in U.S.” under Money Out.

Step 3 – Set up your Destination Bank Information

Next, you will be required to provide your bank account information. This is the bank where you want the money sent.

You will need your bank’s routing number and account number.

Step 4 – Complete the Transfer into your Bank Account

The last step in the process is to follow the steps to complete your ACH transfer.

Transfers from your stimulus debit card into your bank account should post in 2-3 business days.

Furthermore, you are limited to $2,500 per transaction, per day.

Also, there a $5,000 transfer limit per month.

Option 2 – Transfer Money Money Network Mobile App

You can also transfer money from stimulus debit card into your own bank account by using the Money Network Mobile application.

Here’s how:

Step 1 – Download Mobile Application

First, you have to download the mobile application.

The mobile app is available for free for iPhones and Android devices.

Search for “Money Network Mobile app” in the App Store or Google Play.

Click here to download the app for iPhone and Apple devices.

For Andriod device holders, click here to download the ReliaCard mobile app.

Step 2 – Register for Mobile Access

Once you have downloaded the app, register for mobile access by clicking “New User?” as shown below.

Follow the steps to create your User ID and Password. Be sure to have your EIP Card handy.

However, if you already have mobile access, enter your username and password, as shown below.

"how to transfer Money from stimulus debit card"

Step 3 – Send Money to an External Bank Account

Next, click the top left menu and click “Send Money to an External Bank Account” under Move Money Out.

Follow the steps to set up your destination bank account prior to completing your ACH transfer.

You will be required to provide your bank account information.

This is the bank where you want the money sent.

You will need your bank’s routing number and account number.

Transfers from your stimulus debit card into your bank account should post in 2-3 business days.

Furthermore, you are limited to $2,500 per transaction, per day.

Also, there a $5,000 transfer limit per month.

Option 3 – Transfer Money by Phone

Lastly, the third option to transfer money from stimulus debit card into your own bank account is by phone. Here’s how:

Step 1 – Activate your Debit Card

The first step in transferring funds from your EIP card by phone is to activate your card. Follow the instructions above to complete this step.

Step 2 – Call the Stimulus Card Phone Number

Next, Call 1.800.240.8100 and follow the prompts to authenticate with the Interactive Voice Response Unit (IVRU) or auto attendant.

Once authenticated by the IVRU, follow the prompts to set up your destination bank account prior to completing your ACH transfer.

You will be required to provide your bank account information.

This is the bank where you want the money sent.

You will need your bank’s routing number and account number.

Transfers from your stimulus debit card into your bank account should post in 2-3 business days.

Furthermore, you are limited to $2,500 per transaction, per day.

Also, there a $5,000 transfer limit per month.

If you need additional help or have further questions about your Stimulus Debit Card, see our FAQs About Stimulus Debit Card.

How to Transfer Money from Stimulus Debit Card Summary

Here’s the bottom line:

The IRS sent you a Stimulus Debit Card because they did not have your banking information on file and they wanted to speed up payment delivery.

There are three options available to you to transfer money from a stimulus debit card into your own bank account:

  • Online
  • By Phone
  • Using the Money Network Mobile App

Transfers from your stimulus debit card into your bank account should post in 2-3 business days.

Furthermore, you are limited to $2,500 per transaction, per day.

Also, there a $5,000 transfer limit per month.

Questions?

We hope this post on how to transfer money from Stimulus Debit Card helpful.

If you have further questions about Stimulus Checks, Social Security, or Disability benefits, please let us know in the comments section below.

Be sure to check out our other articles on:
Third Stimulus Check FAQs
EIP Card – Stimulus Debit Card FAQs
What is the Third Stimulus Check Release Date?
Second Stimulus check for $600: Update
Direct Express Stimulus Check Deposit Date
How to Login my Social Security Account
Direct Express Dispute Resolution Help
2022 Social Security Payment Dates

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