Stored Value Card Applications Get Bureaucratic Lifeline Extension
Published Date: 11/28/2025
Notice
Summary
The Treasury Department is extending the use of forms for its Stored Value Card program, which helps people get and manage prepaid cards. If you’re applying or working as a contractor, you’ll keep using these forms to share info and authorize payments. No big changes or costs, but if you want to comment, do it by January 27, 2026!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
SVC Enrollment Requires Applicant Info
If you apply to the Treasury Stored Value Card (SVC) program, you must provide information on FS Form 2887 to enroll. Disclosure is voluntary, but failing to provide the requested information may significantly delay or prevent your participation; the agency estimates 102,030 respondents, about 10 minutes per applicant, and 17,001 total annual burden hours.
Contractors Must Authorize Bank Debits
If you participate as a contractor in the Treasury SVC program, you must use FS Form 2889 and FS Form 5752 to provide information and to authorize the Treasury to initiate debit and credit entries to your bank or credit union accounts. FS Form 2889 is estimated at 10 minutes and FS Form 5752 at 1 minute; these authorizations also facilitate collection of any delinquent amounts.
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