Uncle Sam wants the over 5 million households to remember if you are still getting Social Security checks by means of paper, you have until March 1, 2013 to switch to electronic delivery. The Treasury Department is phasing out paper check payments and requiring federal benefit recipients to get their money electronically. You have the choice to switch to direct deposit or the U.S. government’s Master Card debit card. The modification is not optional. All new Social Security recipients since 2011 have been required to use the electronic system. Remaining Social Security recipients must choose one of two options by March 1. If this applies to you, here is how to sign up:
- - Go to www.godirect.org. The Federal Reserve and the Treasury Department jointly own this site. It is a simple site to navigate and offers a video explanation. If you are choosing direct deposit, you will need to know your banks routing number and your account number. Generally found on the bottom of your checks.
- - Call the Go Direct Helpline at 1-800-833-1795. Monday–Friday between the hours of 8am - 8pm. Be prepared to identify yourself with information from your most recent Social Security check (date, check number, amount).
- - If you are not interested in the direct deposit option, you can choose the governments debit card. If you lose the card, the government will replace it once a year free. Lose it more than once a year; the replacement cost is $4 plus an additional charge for overnight mailing, if needed. Use the debit card for purchases and get cash. ATM fees may apply. Visit www.godirect.org for all details on the debit card.
If you do not make a choice by March 1, the choice will be made for you and you will be issued a debit card. Please make sure to discuss this important topic with your Jupiter and Tequesta family, friends, and neighbors.