Your Social Security Benefits: Secure, Digital, and Here to Stay!

Money Explainers

16/7/2025

Join the half-million making the switch! Digital payments are safer, faster, and more efficient for everyone. Get set up today!
Already have a bank account? Direct deposit is the easiest way to get your Social Security. Enroll now for uninterrupted payments!
The September 30 deadline is real. Avoid payment disruptions by choosing Direct Deposit or the Direct Express card. We're here to help!
#NoMorePaperChecks #DirectDepositBenefits #GoDigitalSSA

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00:00goodbye to paper checks what you need to know about the digitalization of your social security

00:04benefit a significant shift is on the horizon for how millions of americans will receive their

00:10social security supplemental security income and social security disability insurance benefits

00:17starting september 30th the social security administration will no longer issue paper

00:22checks for benefit payments this marks a major transition towards fully electronic payments

00:28impacting close to 500 000 individuals who currently rely on mailed checks each month

00:35this move towards digitalization carries significant implications for benefit security

00:40and government efficiency but why is this change happening and what does it mean for you

00:46why this shift to digital payments the decision to transition away from paper checks is driven by

00:52a combination of factors aimed at improving the system for both beneficiaries and the government

00:59it costs about 50 cents to issue a paper check whereas an eft costs less than 15 cents

01:06this transition has the potential to save the government millions of dollars each year

01:12beyond cost digital payments also streamline the distribution process reduce mailing costs and cut

01:18down on potential delays or errors often associated with traditional mail if you are among this group

01:24this change directly impacts you combating fraud and theft a primary concern behind this shift is the

01:32reduction of fraud and theft associated with paper checks during the covet 19 pandemic incidents of

01:39fraud and theft involving paper checks reportedly spiked this is generally the most common and convenient

01:45option for those with existing bank accounts they are directly contacting those who currently receive

01:51paper checks providing guidance on how to switch you might find informational inserts included with your

01:58existing paper checks and the agency is conducting outreach efforts and making staff available to assist you

02:05it's recommended to keep your contact details up to date at ssa.gov and follow official guidance as the

02:11transition progresses this card is specifically designed for beneficiaries without traditional bank accounts

02:20providing a secure way to access your funds by understanding these changes and taking the necessary steps

02:27you can ensure a smooth transition to receiving your social security benefits in a more secure and efficient way

02:34electronic funds transfers are inherently more secure

02:37the ssa found that paper checks are 16 times more likely to be lost stolen or tampered with by moving

02:45to digital payments the ssa can better ensure that your benefits reach you the intended recipient

02:51directly minimizing the risk of misdirected funds or theft boosting efficiency and saving costs

02:58processing paper checks is considerably more expensive for the government

03:03this government-wide move towards fully digital payments was actually mandated by an executive order

03:08signed by president trump on march 25th in direct response to the identified risks crucial to remember

03:15that neither the ssa nor the treasury department ever request payment from you to expedite or set up your

03:22benefits in such cases you can apply for an exemption which will be reviewed on a case-by-case basis

03:28the agency's overarching goal remains to modernize payments for improved security and service for all

03:35beneficiaries be wary of anyone asking for money in relation to this transition

03:42who is affected and what do you need to do while the majority of social security beneficiaries

03:47already receive their payments electronically

03:50nearly 500 000 individuals still get their monthly benefits by paper check

03:55check to ensure you continue to receive your benefits without interruption after the september 30th

04:02deadline you must enroll in a digital payment option the ssa offers two main choices direct deposit

04:10you can choose to have your benefits deposited directly into your bank account

04:15direct express debit card if you do not have a bank account you can apply for a direct express prepaid debit

04:22card the ssa is actively working to help beneficiaries make this transition important

04:29important safeguards and exceptions as you navigate this change the ssa also advises remaining vigilant

04:36against fraud the ssa recognizes that some individuals may face genuine hardships or have extreme

04:43barriers to accessing digital payment methods the ssa is on track to complete this migration to an

04:49all electronic benefit system by september 30th by understanding these changes and taking the necessary steps

04:57you can ensure a smooth transition to receiving your social security benefits in a more secure and

05:03efficient way money explainers

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