Archive for July 30th, 2012

Sign Up for Direct Deposit: All Federal Benefit Payments will be Electronic as of May 2013

As of May 1, 2013, the Department of the Treasury will eliminate the need for paper checks and discontinue mailing federal benefit and non-tax payments to citizens, instead, switch over to electronic payments, e.g. direct deposit. After seeking public comment on the proposed rule issued in June 2010, federal regulations were changed to generally require all federal benefits including Social Security, [...]

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