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Social Security ending paper checks March 1
Posted By -NO AUTHOR- On 01/12/2013 @ 8:38 pm In Money,U.S. | No Comments
(Sacramento Bee) Ready or not, millions of America’s seniors are being pushed into the age of digital banking. Starting March 1, in a cost-cutting move by the U.S. Treasury Department, most Social Security checks will no longer arrive by mail.
Like IRS forms and U.S. savings bonds before them, it’s bye-bye paper. That means about 5 million Americans who still get a Social Security, disability payment or other federal benefit check in their mailbox must switch to electronic payments: either direct deposit into their bank account or onto a Treasury-issued debit card.
For those unaccustomed to ATMs or online banking, the prospect is a bit unnerving.
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