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No More Government Checks



 By Bill O'Neil & Johnny Shannon

Call it another sign of the times--starting March 1st, the Feds will only pay benefits electronically.
"That includes Social Security, supplemenal security insurance, veterans benefits--all federal payments will be done electronically" said Senior Advocate Maribeth Farringer. You have two options if you still receive a paper check--you can have your cash deposited directly in to a bank account--or you can have the money loaded on to a debit card--but Farringer said the latter may not be the best option for everyone.
"They will only be allowed four transactions without a fee. After that, there will be a small fee for each additional transaction within a month" Farringer said.
Nearly 7%  of Texans who receive Social Security payments still get paper checks. Those who do can set up elctronic payments online at www.godirect.org, or by calling the Treasury Department
at 1-800-333-1795.



Photos: money.usnews.com; pappasontaxes.com

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