Turn your EIP card into a direct deposit

If you got an EIP card instead of the stimulus check that you were hoping for, there is an easy way to get that balance transferred into your bank for free. You can also use it like a normal debit card at stores, or withdraw cash at an ATM. However, ATM withdrawals cost money, both from the ATM owner, and from your EIP card after the first withdrawal. Checking your balance also comes with fees (25 cents per transaction). Basically, getting that cash into your account is the best way to go. See the full fee structure here.

So, let’s get into it. First, you will need to call the number on your card and activate it. You will need to know the last 6 digits of your social security number for this process. You will also create a 4 digit pin number to protect your funds.

Next, you need to create an online account with the issuing bank. You will need to have your card with you for this part. You will also need your checking account number and your banks routing number.

• Go to EIPcard.com
• Select “Login,” then “register now”
• Follow the prompts until you have an account, then login to your account.
• Click on “Money out”
• Click “Transfers in U.S.”
• Follow the steps to create a transfer to your bank.
• Wait a few days, typically 2-3 and your money should be in your checking account.

You can also transfer funds via the Money Network Mobile App

1. Be sure you have activated your EIP Card before attempting to transfer funds.
2. Download the Money Network Mobile App² and register for mobile access by clicking “New User?”. Follow the steps to create your User ID and Password. Be sure to have your EIP Card handy.
3. Click the top left menu and click “Send Money to an External Bank Account” under Move Money Out.
4. Follow the steps to set up your destination bank account prior to completing your ACH transfer.
5. Transfers should post to your bank account in 2-3 business days.