Social security The beneficiaries will soon stop receiving paper checks as part of Trump’s administration’s efforts to modernize federal benefits System of payments. The change refers to 0.8% of the beneficiaries, which corresponds to more than half a million recipients, according to Cnn. The change will come into force on September 30.
Why will Social Security stop delivering paper checks?
“This change is part of a wider initiative throughout the Government to modernize payment systems and improve the provision of services,” said the Social Security Administration in a statement. “When moving to electronic payments exclusively, we want to improve efficiency, security and ensure that beneficiaries receive their monthly benefits quickly.”
Change will help save money, as paper checks cost about 50 cents each, unlike electronic funds that cost less than 15 cents, CNN reported.
“The paper checks are increasingly the main door for fraud,” the treasure added, according to CNN. “The treasure is committed to raising awareness of the growing fraud risks associated with paper checks and providing North -Americans the knowledge and tools to combat financial fraud and make informed financial decisions.”
What do you have to do if you trust in paper checks for Social Security
The beneficiaries of paper checks must choose an alternative. They can deliver their electronic payment by direct deposit or receive payment through Direct Express, a pre-pagged debit card.
You can accommodate -ye in a resignation
In some cases, beneficiaries may be applied to continue to receive paper controls. You can request if “electronic payments would impose a difficulty due to mental deterioration”, if you live “in a remote geographical location that did not have the infrastructure to support electronic financial transactions” or if you are 90 years or older.
A share above Cap The website indicated how the beneficiaries can request a resignation. You can contact the resignation line for the United States Treasury electronic payment solution, at 1-855-290-1545, to request a renunciation application. You can also apply form.
“SSA is contacted proactively with the beneficiaries to alert them to the change and the process to register on direct deposit or receive direct express cards,” a Social Security spokesman told CNN. “When a beneficiary has no other means of receiving payment, we will continue to issue paper controls.”
