Good Bye to Paper Checks

One year from now, the federal government will stop issuing paper checks for Social Security benefits including Supplemental Security Income, or SSI.

The U.S. Treasurer said Thursday that the clock is now ticking for those who continue to receive a monthly check in the mail. By March 1, 2013, all beneficiaries — including those with disabilities — will be required to get their payments electronically through direct deposit or on a debit card.

The transition to electronic-only payments has been in the works for some time. Since May 2011, all new benefits recipients have been required to choose either direct deposit or debit card payments.

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