This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nevada's Federal Benefit Check Recipients Must Act Now To Comply With U.S. Treasury's Electronic Payment Rule

WASHINGTON, Feb. 19, 2013 /PRNewswire/ -- With less than two weeks remaining until the March 1, 2013, deadline for all federal benefits to be paid electronically, the U.S. Department of the Treasury reports that Nevada seniors and other Social Security recipients are still receiving more than 26,000 paper checks each month.

"If you or a loved one haven't yet made the switch, please take note of this new law and sign up for electronic payments today," said David Lebryk, commissioner of the Treasury Department's Financial Management Service. "Our friendly, knowledgeable call center agents are available to answer questions and assist seniors and others with the switch to direct deposit or the Direct Express ® card."

Use of electronic payments is widespread

In Nevada today, more than 465,000 monthly Social Security and Supplemental Security Income (SSI) payments are already made via direct deposit to a bank or credit union account, or to the Direct Express ® Debit MasterCard ® card. The card allows federal benefit recipients to pay bills, withdraw cash and make purchases without paying check-cashing fees. The money on the Direct Express ® card is FDIC-insured, and many card services are free.

"By switching to direct deposit or the Direct Express ® card, you will receive your money in a safer, easier and more reliable way. With electronic payments, your check can't be stolen out of your mailbox, and you don't need to go to the bank or credit union to deposit or cash your check every month. It's in your account on time, every time," Lebryk said. "Plus, by making the switch, you will help save American taxpayers $1 billion over 10 years."

The Treasury Department's Go Direct ® public education campaign is working with more than 1,800 partner organizations throughout the country to spread the message about the electronic payment rule and educate federal benefit recipients about their options. The Treasury Department encourages beneficiaries who have questions about electronic payments to visit to view several educational videos and print materials that explain how electronic payments work and how to use the Direct Express ® card.

Making the switch is easy

Check recipients can sign up for direct deposit or the Direct Express ® card by calling toll-free 1-800-333-1795 or by talking to their local federal paying agency office. People can also sign up for direct deposit online at The process is fast, easy and free.
  • By taking a few minutes to gather the necessary information ahead of time, most federal benefit recipients can sign up for electronic payments with one brief phone call.
  • Individuals will need their Social Security number or claim number, their 12-digital federal benefit check number and the amount of their most recent federal benefit check. If choosing direct deposit, recipients also will need their financial institution's routing transit number (often found on a personal check), account number and account type (checking or saving).
  • There are no sign-up fees or monthly fees to receive benefits electronically.

Anyone already receiving federal benefit payments electronically will continue to receive their money as usual on their payment day. No action is required.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs