In less than 6 months, the U.S. Department of the Treasury will require millions of federal benefit recipients who currently receive paper checks to switch to an electronic payment method. By March 1, 2013, all federal benefit payments will be electronic. Individuals applying for benefits must now choose an electronic payment option – such as direct deposit to their bank account – at the time they apply for the benefit. Individuals who currently receive paper benefit checks must switch to an electronic payment option by March 1, 2013. This change will not affect recipients who are already receiving their benefit payments electronically. […]
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