Syracuse (WSYR-TV) -- Social Security checks will go electronic starting in March, which means no more paper checks.
The change starts on March 1 of this year, so if you currently receive paper Social Security checks, the most important things is to make sure you’re set up for the switch to avoid any lapse in your monthly checks.
The Social Security Administration tells us that if you enroll after your monthly cutoff date – which varies – you could see a lapse. So it’s best to just enroll now.
If you currently have a bank account, you’ll need to set up direct deposit to have your checks electronically deposited each month.
If you already receive your checks electronically through direct deposit, this change does not affect you and you don’t have to do anything at all.
If you don’t have a bank account, you can sign up for what’s called the Direct Express Card. It’s a special account set up specifically for you Social Security checks, which will be directly deposited. You can use the card like any regular debit card wherever MasterCard is accepted. If you prefer cash, you are given one free ATM withdrawal per month – after that there’s a fee.
You can sign up for both direct deposit and the Direct Express Card by CLICKING HERE
. You may also call 1-800-333-1795 to set something up. The process should only take a few minutes.
Again, it’s best to do this now, so you aren’t delayed in getting your money when the switch starts on March 1.
The change is expected to save taxpayers $120-million per year, which is the cost for printing and sending all those paper checks.
If there’s something you want to know “The Real Deal” about, you can email us at firstname.lastname@example.org
or call us at 446-9900.