People receiving benefits from the US federal government, from Social Security recipients to veterans with pensions, won't have to wait for their checks to arrive in the mail anymore after March 1st. That's when the US Treasury department will be switching its benefits payments system over from paper checks to electronic direct deposit, a change that's been in the works for the past three years.
the transition will save all taxpayers an estimated $1 billion over the next decade
Aside from avoiding having checks lost or stolen in the mail (as some 440,000 were in 2011), and aside from allowing recipients to use their benefits money sooner, the transition will save all taxpayers an estimated $1 billion over the next decade, according to...
via The Verge - All Posts http://www.theverge.com/2013/2/24/4024058/us-treasury-ending-paper-benefits-checks-for-direct-deposit
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