Do you or someone you know get checks from the government for Social Security or other federal benefits? By March 1, 2013, you are required to switch to receive electronic payment of your benefits.
The U.S. Department of the Treasury recommends two electronic payments options: direct deposit to a bank account or a Direct Express card. With the Direct Express card, money will be posted to the card account on a payment day each month. Federal benefit check recipients can sign up for one of these options by calling the U.S. Treasury Electronic Payment Solution Center at (800) 333-1795.
The Treasury Department says that electronic payments are safer than paper checks, and that people are 125 times more likely to have a problem with a paper check than with an electronic payment. They also give these three tips for protecting your personal information:
- Be careful of anyone who calls, texts or emails asking for personal information.
- Protect personal information. Do not give out your Social Security number or account information to anyone unless you are the one who has contacted them.
- Watch your bank or credit union account or Direct Express card account often to make sure that all account activity is yours.
For more information, visit the Treasury Department’s Go Direct website.