Say Goodbye to Social Security Checks - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Say Goodbye to Social Security Checks

Melissa Carter, The Area Agency on Aging Melissa Carter, The Area Agency on Aging

by: Kristen Guilfoos

Amarillo, Texas - You can soon say goodbye to getting that government benefit check in the mail. In a new move just announced, to save money on stamps, the feds are going paperless, phasing out paper checks by 2013 to those receiving social security, supplemental security income, veterans, railroad retirement and civil servant retirement benefits.

If you already get those monthly benefit checks, you have until March of 2013 to sign up for direct deposit. The system will kick in immediately for anyone who signs up for benefits after March of next year.

The Area Agency on Aging says they have some concerns about the new system, especially for seniors who get social security. Melissa Carter says, "They're used to having an actual paper check and that's what they're used to so it's gonna take some education and some training to get them comfortable in using direct deposit. For those seniors who actually don't use banks, or checking accounts or savings accounts to direct deposit. That's what we're gonna have to worry about." 

If you don't have a bank account, you can sign up to get your money on a gift card of sorts, but Carter says a lot of seniors are used to dealing strictly in cash, so that will be a challenging change as well.

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