News Releases

  • 01/08/2013 Time is Running Out to Meet March 1 Deadline
    Washington, D.C. - (January 08, 2013) - The U.S. Department of the Treasury today reported that 5.2 million checks continue to be mailed to federal beneficiaries each month. With just two months remaining until the March 1, 2013, electronic payment law goes into effect, the Treasury Department is urging Social Security and other federal benefit recipients to not delay and switch now to either direct deposit or the Direct Express® Debit MasterCard® card.
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  • 07/17/2012 U.S. Treasury’s Direct Express® Card Earns High Marks
    Washington, D.C. - (July 17, 2012) - Four years since its debut, 95 percent of individuals who use the Direct Express® Debit MasterCard® card to receive monthly Social Security payments report they are satisfied with the card, according to a new cardholder study, and 93 percent of cardholders also say they are likely to recommend the card to others. The findings come from a survey conducted last month by KRC Research and commissioned by MasterCard Worldwide on behalf of the U.S. Department of the Treasury’s Financial Management Service.
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  • 03/01/2012 One-Year Countdown to All-Electronic Social Security Payments
    Washington, D.C. - (March 01, 2012) - Treasurer of the United States Rosie Rios today started an official countdown clock, marking one year until the March 1, 2013 deadline when all federal benefit recipients must receive their Social Security and other federal benefit payments electronically. Treasurer Rios urged remaining paper check recipients to switch now and help taxpayers save $1 billion over 10 years.
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  • 04/26/2011 U.S. Treasury to "Retire" Social Security Paper Check Option
    Washington, D.C. - (April 26, 2011) - The U.S. Department of the Treasury is retiring the paper Social Security check for millions of baby boomers and others applying for federal benefits, a move that will save taxpayers $1 billion over the next 10 years. Beginning May 1, 2011, anyone newly applying for Social Security, Veterans Affairs or other federal benefits will need to choose an electronic payment method – paper checks will no longer be an option.
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  • 12/21/2010 Treasury Extends Direct Deposit to Millions of Americans
    Washington, D.C. - (December 21, 2010) - The U.S. Department of the Treasury today issued a final rule to extend the safety and convenience of electronic payments to all Americans receiving federal benefit and non-tax payments. Anyone applying for benefits on or after May 1, 2011, will receive their payments electronically, while those already receiving paper checks will need to switch to direct deposit by March 1, 2013.
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  • 08/19/2009 Go Direct® Campaign Tops 3 Million Enrollments
    Washington, D.C. - (August 19, 2009) - The U.S. Department of the Treasury’s Financial Management Service announced today that its Go Direct campaign has achieved more than 3 million enrollments in direct deposit since its national launch in 2005 – bringing increased safety and convenience to millions of senior citizens, people with disabilities and other federal benefit recipients while providing important cost-savings to American taxpayers.
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  • 07/21/2009 More than Half a Million Choose Direct Express® Card
    Washington, D.C. - (July 21, 2009) - One year after introducing a low-cost prepaid debit card option for Social Security check recipients, the U.S. Department of the Treasury’s Financial Management Service (FMS) reports that more than half a million Americans have signed up for the Direct Express® Debit MasterCard®.
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  • 06/10/2008 U.S. Treasury Introduces Direct Express® Debit Card
    Washington, D.C. - (June 10, 2008) - The U.S. Department of the Treasury’s Financial Management Service (FMS) has announced that a prepaid debit card for Social Security payments and other federal benefits is now available.
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  • 02/06/2008 Americans Rank Direct Deposit Top Money Management Tool
    Washington, D.C. - (February 06, 2008) - Americans say direct deposit tops both ATM cards and checkbooks as their most important tool for managing personal finances. Yet approximately one in three Americans still do not use direct deposit, including nearly 10.5 million Social Security recipients, despite the widespread opinion that direct deposit is reliable and safe.
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  • 06/11/2007 One Millionth Direct Deposit Enrollment
    Washington, D.C. - (June 11, 2007) - The U.S. Department of the Treasury’s Go Direct campaign today announced that one million – and counting – seniors and other federal benefit check recipients have now switched to direct deposit. The milestone, achieved after two years of campaign activity and help from partner organizations, represents a giant step forward in protecting America’s federal beneficiaries from fraud and identity theft, and giving them greater control over their money.
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  • 02/28/2007 Americans at Risk of Financial Crime
    Washington, D.C. - (February 28, 2007) - Financial crime is a widespread concern among Americans, with four in 10 saying in a new Treasury Department-commissioned survey that they have been victims of identity theft or know someone who has. But the survey also reveals that people often leave themselves open to financial crimes -- even in their own households -- by using paper checks, rather than direct deposit.
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  • 01/03/2007 Baby Boomers Count Down to Retirement
    Washington, D.C. - (January 03, 2007) - As America's oldest baby boomers start counting down to retirement, a new government survey shows they are on the upswing in terms of financial savvy -- nearly twice as likely as today's seniors to bank and pay bills online. Yet despite their financial sophistication, one in four boomers still gets paid with old-fashioned paper checks, a trend that's particularly entrenched with those closest to retirement age (51-60 years old).
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  • 03/15/2006 Online Tool Makes it Easy to Sign up for Direct Deposit
    Washington, D.C. - (March 15, 2006) - The U.S. Department of the Treasury and the Federal Reserve Banks, as part of their Go Direct campaign, today announced a new online enrollment system for banks and credit unions that allows fast, convenient enrollment in direct deposit for federal benefit payments, including Social Security and Supplemental Security Income (SSI). The online enrollment option is available at www.GoDirect.org.
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  • 09/27/2005 U.S. Treasury Launches Go Direct to Spur Direct Deposit
    Washington, D.C. - (September 27, 2005) - The U.S. Department of the Treasury and the Federal Reserve Bank are launching Go Direct, a nationwide campaign to motivate Americans to use direct deposit for Social Security, Supplemental Security Income (SSI) and other federal benefit payments.
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  • 08/01/2005 Go Direct Pilot Results
    Washington, D.C. - (August 01, 2005) - Following a successful six-month grassroots pilot campaign, the U.S. Department of the Treasury, together with the Federal Reserve Bank, today announced it is expanding the Go Direct program nationwide to encourage more Americans to select direct deposit for their federal benefit payments, such as Social Security and Supplemental Security Income (SSI).
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  • 09/14/2004 New Research Reveals Barriers To Direct Deposit
    Washington, D.C. - (September 14, 2004) - Retirees and other individuals who receive their government payments, like Social Security, by direct deposit are significantly less likely to have a problem with their payment than those who get checks.
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