Wednesday, January 16, 2013

Changes to Social Security Benefits Are Coming

Paper checks be gone! Starting on March 1, if you don't receive your social security benefits via direct deposit, the U.S. Department of the Treasury may send your payments to you via the Direct Express Card. According to the Social Security Administration, this affects 12,579 people in Clark County; 3,264 in Washoe Country; and 364 in Nye County (19,080 total in Nevada). The clock is ticking ... 

The what card??
The Direct Express Card is a debit card is a debit card that allows you to access your benefits. The money gets deposited directly on to your card on the day of payment. This card removes the wait for a checks and gives peace of mind that the money is safe on your card-- no worrying about checks being stolen.The card can be used to make purchases and get cash at ATMs, banks or credit union tellers. The card is secure; you are given a PIN and the card will be replaced if lost or stolen. Certain fees apply for cash withdrawals and replacement cards. See a complete list here.

Why do direct deposit?
Direct deposit is a simple, safe and secure way to receive your benefits. If you wish to direct your benefits into a bank or credit union account, you should have the following information when you apply for benefits:
  • Financial institution's routing transit number;
  • Account type (checking or savings); and
  • Account number.
It’s quick and easy to sign up to receive benefits electronically. Call the Treasury Electronic Payment Solution Contact Center at 1-800-333-1795. Sign up online at www.GoDirect.org. Also, Social Security can help you sign up. You can learn more online at http://www.ssa.gov/deposit/.

1 comment:

Adrian jill said...

Thanks for sharing great information about credit union benefits.Thanks for all the valuable information that you have provided.

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