Direct Deposit Enthusiastically Embraced

With less than one year until the March 1, 2013, deadline for all federal benefit recipients to switch from paper checks to electronic payments, a new U.S. Department of the Treasury study has found overwhelming support for its recommended Direct Express(R) Debit MasterCard(R) card. According to a cardholder survey, 95 percent of individuals who use the Direct Express(R) card to receive monthly Social Security payments are satisfied with the card, and 93 percent also report they are likely to recommend the card to others.

“We hope that hearing about the extremely high satisfaction with the Direct Express(R) card will encourage check recipients to make the switch to the card or direct deposit as soon as possible,” says David Lebryk, commissioner of the Treasury Department’s Financial Management Service. “This card helps senior citizens, people with disabilities and others who lack access to traditional banking services to pay bills, withdraw cash and make purchases without worrying about their paper checks being lost or stolen or paying check-cashing fees.” See full story here: