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Where’s my check?

Social Security to Phase Out Paper Checks. The Treasury Department announced that Social Security will stop issuing paper checks on March 1, 2013, at which point all payments will be made electronically. New enrollees to Social Security programs, including Social Security Disability and Supplemental Security Income, will no longer be able to receive benefits via paper checks beginning March 1 2011. Existing beneficiaries will have until March 1, 2013 to switch. After March 1, 2013, all Social Security payments will be deposited electronically to a person’s bank account or to a beneficiary’s government issued debit card. It is estimated that this switch will save the Federal Government $300 million over the first five years and $125 million each following year. It now costs $1 overall to cut and mail a check and only 10 cents for a direct deposit. The Treasury Department issues more than 135 million benefit checks annually. If you have any questions please contact Attorney Mark Papa in our Jacksonville, FL office.

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