Are you getting Social Security, VA or other federal benefits by paper check? You are required by the U.S. Department of the Treasury to switch to electronic payments by March 1, 2013.
It’s the law.
You can choose to get your payments by direct deposit to a bank or to a Direct Express® Debit MasterCard® card account.
- Are you already receiving federal benefit payments by paper check?
You must switch to electronic payments by March 1, 2013. Sign up for direct deposit or the Direct Express® card by contacting the U.S. Treasury Electronic Payment Solution Center at (800) 333-1795. You may also sign up for direct deposit online.
- Do you plan on retiring or applying for federal benefits soon?
You will get your money electronically from day one. Be ready to choose direct deposit or the Direct Express® card when you fill out your application.
- If you need assistance setting up direct deposit to a Popular Community Bank account, please visit your local branch or call our Care Center at 1-888-317-9062.
If you do not choose an electronic payment option by March 1, 2013, you will be out of compliance with the law and may receive your payments via the Direct Express® card. Learn whether you could qualify for an exception.
If you are already receiving your federal benefit payments electronically, this change will not affect you.