WASHINGTON (7/20/12)--Nearly all of those that use their Direct Express prepaid debit card to receive monthly Social Security payments are satisfied with the card, and 93% of users would recommend the card to others, a U.S. Department of the Treasury Financial Management Service survey has found.
"We hope that hearing about the extremely high satisfaction with the Direct Express card will encourage check recipients to make the switch to the card or direct deposit as soon as possible," Treasury Financial Management Service commissioner David Lebryk said in a release. "For four years, millions of senior citizens, people with disabilities and other Americans who lack access to traditional banking services have used their Direct Express cards to pay bills, withdraw cash and make purchases without worrying about their paper checks being lost or stolen or paying check-cashing fees," he added.
The Treasury continues to urge social security recipients to switch to direct deposit through its Go Direct program. The Credit Union National Association (CUNA) is a Go Direct national partner and supports the check-safety and cost-savings goals for the program.
All federal benefit recipients will be required to receive their Social Security and other federal benefit payments electronically through direct deposit beginning on March 31, 2013.
For the full Go Direct release, use the resource link.