Milestone Reached in Treasury’s Go Direct® Program
Fiscal Service reaches eleven million enrollments for electronic federal payments
December 5, 2023
The Department of the Treasury’s Bureau of the Fiscal Service (Fiscal Service) recently completed the eleven millionth enrollment into electronic solutions such as direct deposit through the Go Direct® program.
“This milestone represents one more step towards our vision for delivering an improved, inclusive payment experience for all Americans,” said Tim Gribben, Commissioner, Bureau of the Fiscal Service. “Today, thanks to efforts like Go Direct®, nearly 99 percent of the over 1 billion Treasury-disbursed benefit payments are delivered electronically, ensuring Americans receive their federal payment on time without having to wait on the mail or pay fees to cash a paper check.”
Electronic payments are faster, more secure, and less costly than paper checks. Recent statistics show paper checks are 11 times more likely to be returned, 20 times more likely to be reported stolen or subject to fraud and can include check-cashing fees exceeding a minimum of $4 per check.
About Go Direct®
Go Direct® is a partnership between Treasury and the Federal Reserve and is a key resource to help Americans enroll in direct deposit for their Social Security, Supplemental Security Income (SSI), VA Compensation and Pension, and other federal benefit payments. Go Direct® has supported individuals in transitioning their benefits to electronic solutions since 2005. Through Go Direct®, Americans are provided a safe and secure way to convert from U.S. Treasury checks to direct deposit.
About Fiscal Service
Treasury’s Bureau of the Fiscal Service is the central financial management organization of the federal government. Its mission is to promote financial integrity and operational efficiency through exceptional accounting, financing, collections, payments, and shared services.
Learn more about Fiscal Service’s vision for the future of federal financial management at fmvision.fiscal.treasury.gov.