Federal Government to Phase Out Paper Checks For Benefit Programs

Written by


April 16, 2012

7:30 PM

Starting in 2013, the federal government will phase out paper checks for all benefit programs, requiring people to receive their payments electronically, either through direct deposit or a debit card. The switch will lead to both safer and more efficient payments; in 2010 alone, 540,000 federal checks were stolen. Social Security projects $1 billion in savings over the next decade. “It’s just that natural progression of moving to how people are used to receiving their funds,” Walt Henderson, director of the Treasury Department’s electronic funds transfer division, said to the Associated Press.

Share This Article

Related News

Publix to expand Virginia locations, move in on Monticello Avenue
City Council plans to focus on Airbnb, group homes
Michael Wert gives guest lecture on samurai during Japan’s Edo period

About Author

Zach Hardy
  • Zach Hardy

Zach Hardy '15 is an English major from Richmond, Va. He was previously Chief Staff Writer, Online Editor and Associate Online Editor.

Leave A Reply

Leave a Reply

Your email address will not be published. Required fields are marked *