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U.S. Treasury requiring electronic federal benefit payments

May 18, 2012

in National

With less than a year to go until all federal benefit recipients must receive their Social Security and other federal benefit payments electronically, you are encouraged to make the switch to electronic payments immediately – rather than waiting until the final deadline of March 1, 2013.

Why Electronic Payments?

Safety – no risk of lost or stolen checks.

Ease – No need to make a special trip to cash or deposit a check.

Reliability – Payments are on time, every time.

Cost-Savings – Saves taxpayers $120 million each year.

Two ways to receive your electronic payment:

Direct Deposit- People who have bank or credit union accounts can choose to receive their federal benefit payments through direct deposit. The money goes straight into a person’s checking or savings account each month. To sign up, people can go to www.GoDirect.org, call 800-333-1795, or visit their local bank or credit union.

Direct Express- Debit MasterCard card. This prepaid debit card is a safe, low cost alternative to paper checks for federal benefit payments. Cardholders can make retail purchases, pay bills and get cash wherever Debit MasterCard is accepted. No bank account or credit check is required.

To sign up for the card, or to learn about its fees and features, people can go to www.GoDirect.org, call 800-333-1795, or contact their local federal agency office.

For more information or help in applying for this service contact Care Connection for Aging Services at 800-748-7826.

 

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