SSA abandoning paper checks for digital payments starting from September 30

the Social Security Administration (SSA) will stop issuing paper checks at the end of this month, in a change that affects hundreds of thousands of beneficiaries throughout the United States

The transformation follows the most famous after the president Donald Trump It issued an executive order in March, when all federal payments were submitted starting on September 30, through means including direct deposit and credit cards. Paper payments are more expensive and weak for fraud, theft, errors and delay, according to the White House.

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“Less than one percent of the beneficiaries of the Social Security Administration are currently receiving paper checks,” SSA spokesman told Fox Business in an email. “… when the beneficiary does not have another way to receive payment, we will continue to issue Paper checks“

As of September, more than 68 million Americans in all fifty American states and regions receive social security benefits. From this number, about 390,000 people, or about 0.6 %, receive check payments, according to data from SSA.

The Fox Business spokesman said that SSA is actively connected to these beneficiaries of notifying them as well as the process to switch to electronic payments before September 30.

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Some exceptions will be made, including in emergency situations and for those who do not have access to digital payment systems or banks, according to White House.

Sending paper checks is about 50 cents, compared to less than 15 cents to transfer electronic money. Paper tests are also more than sixteen times for their loss or stealing, according to SSA.

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In the fiscal year 2024, American taxpayers cost more than $ 650 million to maintain technology and infrastructure needed to treat paper records, according to the White House.

“Reducing paper examination was a long -term target of the two parties that our administration finally puts at work,” Treasury Secretary Scott Bessin He said in a statement last month. “Thanks to President Trump, this will help reduce fraud and theft. It will also remove the delays that prevent the diligent Americans from receiving their vital payments.”

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To update payment information, social security beneficiaries can find more information about SSA website.

The White House and the United States Treasury immediately did not respond to the Fox Business request for comment.