EIP card: What is it and will you get one instead of coronavirus stimulus check?

IRS started sending out stimulus payments promised by the CARES Act in April. Some Americans got the payment through direct deposit, some via checks while some got an EIP debit card. Payments or the coronavirus stimulus checks that were sent in the form of an EIP card attracted a lot of controversies. Let’s understand what an EIP card is and if you would get one instead of a check in the second round.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: What is an EIP card?An EIP card is a debit card that the IRS used to send some stimulus payments under the CARES Act. A…

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