WASHINGTON (5/15/12)--May is Older Americans Month, and "there's no better time" to help seniors start to receive their Social Security benefits electronically, the U.S. Treasury's Go Direct program said this week.
The Go Direct program said making the switch to direct deposit would help seniors "save taxpayers money and immediately receive their payments in a more reliable way." The program has released news copy, fliers and posters for financial institutions and community organizations to inform citizens of the benefits of switching to direct deposit.
The Go Direct campaign, which started in 2004, also notes that direct deposit enhances safety and convenience.
The Treasury officially ended the use of paper checks for the payment of newly filed Social Security and other federal benefit payments on May 1, 2011, and all federal benefit payments will be made electronically beginning on March 1, 2013.
The Credit Union National Association is a Go Direct national partner and supports the check-safety and cost-savings goals for the program. For more information on Go Direct, use the resource link.