Policy Change - Social Security Administration is transitioning to fully electronic payments starting September 30th, impacting approximately 550,000 people who currently receive paper checks [1][2][3] - The transition aims to enhance transaction security and reduce fraud [3] - Waivers are available for individuals over 90, those with mental incapacities, or those lacking secure internet access, allowing them to continue receiving paper checks [5][6] Impact and Concerns - The change may disproportionately affect unbanked individuals and those in rural areas with limited internet access [3][4] - Social Security Administration is not actively promoting the waiver option [5] Electronic Payment Options - Social Security Administration encourages beneficiaries to use "my Social Security account" to manage payments electronically [8] - Beneficiaries can update their payment preferences online to direct deposit or debit card [8][9]
Social Security checks set to go paperless on Sept 30
Yahoo Financeยท2025-07-27 14:00