ACH Payroll Processing & Fedwire Blog

ACH Payroll Processing & Fedwire Blog

  • Social Security Recipients Must Switch to Direct Deposit by March 1, 2013

    Social Security Recipients Must Switch to Direct Deposit by March 1, 2013

    Date : Tuesday, February 19, 2013

    In 2011, the government found that 85 percent of the Social Security beneficiaries received their payments electronically. ACH direct deposits greatly decrease the risk of financial crime, it is more convenient, and it allows for more control over your own money. Additionally, the switch eliminates the $120 million cost from taxpayers associated with the printing, shipping, and replacing of paper checks. ..


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