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Electronic Payments: The Right Choice for Federal Benefits • What are electronic payments? – Direct deposit and the Treasury-recommended Direct Express® Debit MasterCard® card are safer, easier alternatives to paper checks for Social Security, Supplemental Security Income (SSI) and other federal benefits. • Why are they better than paper checks? – SAFER – Electronic payments eliminate the risk of lost or stolen checks and give you more control over your money. – EASIER – Money goes straight into your bank account or is posted to your card account on payment day every month. – MORE CONTROL – You can access your money from virtually anywhere. Your check doesn’t rule your schedule. Source: U.S. Department of the Treasury, Financial Management Service FinancialCBO_PPT_v1_7.17.09 Recommended by the U.S. Department of the Treasury • Two electronic payment options – Direct deposit – The Go Direct® campaign gives people with checking or savings accounts a fast, easy way to sign up for direct deposit by phone or online. – Direct Express® card – A Treasury recommended prepaid debit card that offers Americans without bank accounts a safe, easy alternative to paper checks for Social Security and SSI benefit payments. The Go Direct® campaign is sponsored by the U.S. Department and the Federal Reserve Banks. The Go Direct® and Direct Express® logos, Go Direct® and Direct Express® are service marks of the U.S. Department of the Treasury, Financial Management Service (used with permission). The Direct Express® Debit MasterCard® card is issued by Comerica Bank, pursuant to a license by MasterCard International Incorporated. MasterCard ® and the MasterCard® Brand Mark are registered trademarks of MasterCard International Incorporated. Sign Up Today • Signing up is fast, easy and free – To sign up for direct deposit, call Treasury’s toll-free Go Direct® campaign helpline at (800) 333-1795, go online to www.GoDirect.org, or visit your local bank or credit union. – To sign up for the Direct Express® card, call toll-free at (877) 212-9991, sign up online at www.USDirectExpress.com, or visit your local Social Security office. Some fees for optional services may apply.
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