News Releases

• 11/15/2011 Direct Deposit for Social Security on Upswing in the West
  Washington, D.C. - (November 15, 2011) - Just months after the U.S. Department of the Treasury announced it is retiring paper checks for federal benefit payments and going all-electronic by March 1, 2013, the use of direct deposit is on the upswing – including in the Western region of the country where new survey findings suggest safety and other benefits of electronic payments are widely recognized.
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• 09/07/2011 Direct Deposit for Social Security on Upswing in Midwest
  Washington, D.C. - (September 07, 2011) - Just months after the U.S. Department of the Treasury announced it is retiring paper checks for federal benefit payments and going all-electronic by March 1, 2013, the use of direct deposit is on the upswing – including in the Midwest where new survey findings suggest safety and other benefits of electronic payments are widely recognized.
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• 07/06/2011 Direct Deposit on Upswing in Hurricane-prone States
  Washington, D.C. - (July 06, 2011) - Just months after the U.S. Department of the Treasury announced it is retiring paper checks for federal benefit payments and going all-electronic by March 1, 2013, the use of direct deposit is on the upswing – including in hurricane-prone states where new survey findings suggest reliability and other benefits of electronic payments during disasters are widely recognized.
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• 04/26/2011 U.S. Treasury to "Retire" Social Security Paper Check Option
  Washington, D.C. - (April 26, 2011) - The U.S. Department of the Treasury is retiring the paper Social Security check for millions of baby boomers and others applying for federal benefits, a move that will save taxpayers $1 billion over the next 10 years. Beginning May 1, 2011, anyone newly applying for Social Security, Veterans Affairs or other federal benefits will need to choose an electronic payment method – paper checks will no longer be an option.
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• 12/21/2010 Treasury Extends Direct Deposit to Millions of Americans
  Washington, D.C. - (December 21, 2010) - The U.S. Department of the Treasury today issued a final rule to extend the safety and convenience of electronic payments to all Americans receiving federal benefit and non-tax payments. Anyone applying for benefits on or after May 1, 2011, will receive their payments electronically, while those already receiving paper checks will need to switch to direct deposit by March 1, 2013.
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