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Social Security is ending paper checks for benefit payments: How to enroll in electronic deposit
The change will primarily affect a small group of beneficiaries who have not made the switch to electronic payment methods yet, per the SSA. Less than 1% of beneficiaries are enrolled in paper checks and are encouraged to enroll in direct deposit or opt for the Direct Express card to receive their monthly benefits on time.
"Even though fewer and fewer people are using paper checks every year, fraudsters have shown they prefer to attack this low-tech method of payment," said Joe Bernardo, global head of fraud and ...
Banks are worried about check fraud and are trying to discourage the use of paper checks. But nevertheless, they persist. By Ron Lieber and Tara Siegel Bernard Fewer people are writing paper ...
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Treasury Ends Paper Tax Refund Checks September 30 Despite Advocate ConcernsTreasury Department eliminates paper tax refund checks by September 30, potentially leaving millions of vulnerable taxpayers ...
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Do Checks Expire? See How Long Are Checks Good ForDo checks expire? Not all checks are the same and not all are processed by financial institutions the same way. Learn how ...
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