Federal benefits such as Social Security, Supplemental Security Income, Veterans Affairs Department, Railroad Retirement Board, and Office of Personnel Management benefits must be issued electronically rather than by paper-checks.
Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

E-Deposits Required For Federal Military Checks

Posted:

A 2010 Treasury Department ruling requires many federal benefits such as Social Security, Supplemental Security Income, Veterans Affairs Department, Railroad Retirement Board, and Office of Personnel Management benefits,
to be issued electronically rather than by paper-checks.

Federal agencies' pension payments, including military retirement, remain unaffected by the Treasury Department's electronic payment ruling.

Switching to electronic check deposit has major benefits for you, including reducing your risk of lost or stolen checks, while also providing immediate access to your money.

Switching to E-Deposits for federal benefits is projected to result in of approximately $120 million per year in taxpayer savings, by reducing costs associated with paper checks.

AFFECTED AND UNAFFECTED BENEFITS

If you're already receiving electronic payments, no action is required on your part.
The Treasury Department E-deposits ruling doesn't affect any check disbursed by Defense Finance and Accounting Service, but it does affect military service members receiving disability payments and other benefits through VA, as well as military families on Supplemental Security Income.

ROUTING YOUR E-DEPOSITS

Military service members receiving federal benefits by paper check are encouraged to switch to electronic payments before the mandatory deadline of March 1, 2013.

When making the e-deposit switch, military service members can choose direct deposit to bank or credit union account, or Direct Express Debit MasterCard card account.

Military service members who apply for benefits on or after May 1, 2011, are required to choose their electronic payment option when signing up to receive their military benefits.

E-DEPOSITS MADE EASY

Make the e-deposit switch online by visiting GoDirect.org or all the U.S. Treasury Processing Center's toll-free helpline at 800-333-1795.




Sponsor:

VA Loans for Veterans
Complimentary VA loan pre-approvals will give you the comfort you need to shop for your home with confidence. VA refinance loans available.


VA Home Loans

Military Hub is not a government website and is not affilitated with any branch of the U.S. Military.


Support Our Troops:

Semper Fi Fund
The Semper Fi Fund provides financial assistance and support to service members and their families.
IAVA - Iraq and Afghanistan Veterans of America
IAVA is the nation's largest nonprofit, nonpartisan organization representing veterans and their families.
Team Rubicon
Team Rubicon unites the skills and experiences of military veterans with first responders.
Pat Tillman Foundation
The Pat Tillman Foundation invests in military veterans and their spouses through educational scholarships.

About Military Hub
Privacy Policy
Contact / Advertise

Copyright © 2008 - 2017
Advertise Military, LLC
All Rights Reserved

Disclaimer: MilitaryHub.com and MilitaryRates.com are private websites that are not affiliated with the U.S. Department of Veteran Affairs, any U.S. government agencies, or any U.S. military branches. Our sites contain basic information about veteran benefits, pay tables, current events, and news for active duty military personnel, military veterans, and their families. You can find additional information on these topics at the official website for U.S. Department of Veteran Affairs.