Some stimulus funds come via prepaid card - Albuquerque Journal

Some stimulus funds come via prepaid card

This mistake has undoubtedly tripped up others, so don’t let it happen to you.

Mike Berlin, who lives in the East Mountains, says he nearly threw out his Economic Income Payment from the federal government because it looked exactly like a credit card solicitation.

The so-called stimulus payments come in the form of prepaid debit card or paper check. The Internal Revenue Service says about 4 million Americans are getting the debit cards, which arrive in a plain envelope from “Money Network Cardholder Services.”

“It looked very much like a typical credit card solicitation, including getting my name wrong,” Berlin says.

He complained to the state Attorney General’s Office, which has gotten other complaints as well, says spokesman Matt Baca.

On the debit card, the Visa name will appear on the front. The back says the issuing bank is MetaBank, N.A, (national association.), according to the Internal Revenue Service. Included with the card is information explaining that this is your stimulus payment from the government.

Those who get the cards can use them, without fees, to make purchases anywhere Visa is accepted, They also can be used get cash from in-network ATMs and to transfer money to a personal bank account. Card balances can be checked online, by app or by phone, the IRS says.

The agency is also warning about payment-related scams using email, phone calls or texts.

“The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information,” the IRS says.

For more information about the cards, go to www.irs.gov/eipfaq.

 

Here’s a twist on the many scams invoking Public Service Company of New Mexico.

Customers have gotten calls claiming to be from the utility, threatening fines and/or termination of service if they failed to make arrangements to have a new meter installed.

Customers are given a phone number that they must call for meter installation if they want to avoid the consequences.

PNM saw 17 reports of this scam, or similar ones, at the end of May in Santa Fe, Albuquerque, Belen, Bernalillo and Silver City, spokeswoman Shannon Jackson said.

Jackson said of the threats, “It is never part of PNM procedure, in any circumstance, to take that action.”

 

More unproven coronavirus treatments to be aware of: intravenous vitamin C and D infusions, supposed stem cell therapy and immunity-boosting shots.

The FTC says there is no evidence that these treatments work against the virus and that they violate truth-in-advertising laws.

The agency so far has sent more than 160 warning letters to companies and individuals regarding questionable coronavirus-related marketing.

Contact Ellen Marks at emarks@abqjournal.com or 505-823-3842 if you are aware of what sounds like a scam. To report a scam to law enforcement, contact the New Mexico Consumer Protection Division toll-free at 1-844-255-9210​.

 

Home » Business » Business Columns » Some stimulus funds come via prepaid card

Insert Question Legislature form in Legis only stories




Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

ABQjournal can get you answers in all pages

 

Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
1
UNM's Museum of Southwestern Biology to display collections at ...
ABQnews Seeker
From 4-9 p.m. Wednesday, June 14, ... From 4-9 p.m. Wednesday, June 14, the public is invited to "Evolution Revealed: An Open Collections Event."
2
Hundreds pack Santa Fe cathedral for Archbishop Sheehan’s funeral ...
ABQnews Seeker
Achbishop Emeritus Michael J. Sheehan died ... Achbishop Emeritus Michael J. Sheehan died June 3 at age 83. Here's how he was remembered.
3
Barelas Park reopens after nearly $2 million renovation
ABQnews Seeker
Barelas Park reopened to the public ... Barelas Park reopened to the public Wednesday with many new features.
4
New Mexico State Police officer accused of sexually assaulting ...
ABQnews Seeker
A State Police officer was arrested ... A State Police officer was arrested Friday in the alleged sexual assault of a 20-year-old woman while the two were on a New Mexico ...
5
Solomon Peña to remain in custody, judge rules
ABQnews Seeker
A judge said he could find ... A judge said he could find no conditions of release that would reasonably ensure the safety of the community, despite a defense attorney's contention ...
6
Proposed rule for public lands expected to have outsized ...
ABQnews Seeker
A coalition of conservation and outdoor ... A coalition of conservation and outdoor recreation enthusiasts is urging New Mexicans to support the proposal. Opponents, in turn, question whether the rule will ...
7
Green chile cheeseburger review: Griff's Hamburgers
ABQnews Seeker
The green chile cheeseburger tour heads ... The green chile cheeseburger tour heads to the International District.
8
On the market: A property with "It's all good, ...
ABQnews Seeker
Fourplex featured on two episodes of ... Fourplex featured on two episodes of "Better Call Saul."
9
Albuquerque’s Al Cabral claims gold in Asian Pacific Masters ...
ABQnews Seeker
"The world is a beautiful place ... "The world is a beautiful place and this gives me a chance to travel," said Al Cabral, 89, who won gold medals for javelin ...