Social Security to stop issuing paper checks

Starting on March 1, 2013, beneficiaries will stop receiving paper checks from the Social Security Administration and start receiving their benefits electronically. The U.S. Treasury Department started phasing out paper checks last year to new recipients, but all recipients will make the shift in 2013.

To make the electronic switch, beneficiaries can visit their bank or credit union. There are two options to receive your payments electronically: the money can be directly deposited into a traditional bank or credit union account or it can be deposited onto a payment card.

The switch is estimated to save Social Security about $1 billion over the next decade.

If you or someone you love needs help filing for Social Security Disability Insurance, contact the Social Security Disability lawyers of the Hankey Law Office at (317) 634-8565 right away.