16
Jun

Government to Switch to Direct Deposit, Why Not You?

Posted by David Pratt

The Washington Post reports that most government benefits payments will be made by direct deposit by 2013 in a cost savings move.

Americans who enroll for benefits payments on or after March 1, 2011 will receive them by direct deposit or be enrolled in the government’s Direct Express Debit MasterCard program if they do not provide bank account information. Beneficiaries now receiving payments will switch to direct deposit or the debit card by March 1, 2013, after agencies inform them of the changes, according to the proposed rule change set for publication in Monday’s Federal Register. About one million Americans already receive benefit payments through the Direct Express card, according to the Office of Management and Budget.

Officials argue that direct deposits or the debit cards ensure the safe, quick delivery of funds…”

The government will save millions of dollars with this move. The unbanked who previously spent money and time cashing government checks will also benefit.

Isn’t it time you considered FREE direct deposit to a prepaid card?

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