Social Security, unemployment, veterans benefit, tax refund, railroad retirement, and government benefit checks must now be directly deposited into the recipient's bank account. Currently, 85% of Social Security checks are direct deposits. The alternative is Direct Express Debit MasterCard when there is no bank account.
It is safer, faster, and will save money – about $303 million over the first 5 years, then about $120 million a year.
Monday, June 14, 2010
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