Do you have to receive your payments by direct deposit? 2. When will my benefits be deposited? 3. Why not just receive a check in the mail? 5. What can I do if I don’t have a bank account and don’t want one for direct deposit of my payment?
Do you have to receive your payments by direct deposit? The Social Security Administration strongly suggests everyone get their monthly payments this way. At last count in January 2007, 80 percent of all Social Security and SSI beneficiaries had their payments delivered directly to their bank account. How can I sign up for direct deposit? What can I do if I don’t have a bank account and don’t want one for direct deposit of my payment? [quote]People without bank accounts now have a user-friendly, practical alternative to paper checks for their monthly federal benefit payments,” said FMS Commissioner Judith Tillman.
Check cashing and other services typically charge heavy fees and the Direct Express card puts an end to that problem. With Direct Express, there is no sign up fee and no bank account or credit check required to enroll.
Social Security Direct Deposit – 5 Things You Need to Know
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