Chances are you have better things to do than make trips to deposit or cash your Social Security or Supplemental Security Income (SSI) check. Now you have three ways you can get your payment.
Choice #1: Direct Deposit – With direct deposit your check is automatically deposited to your checking or savings account at a bank, saving and loan or credit union. That means no more waiting in line to cash or deposit your check, and you never have to worry about your check getting lost or stolen. You payment arrives safely on time every time.
Choice #2: Electronic Transfer Account (ETA) – The ETA is a special, new account for anyone who receives a federal benefit, wage, salary or retirement payment. This low-cost, federally-insured account lets you enjoy the safety, security and convenience of automatic payments even if you don’t have a checking or savings account right now. The ETA is an account that has been designed by the Treasury to allow you to get your federal payment automatically. You can open an ETA at a participating bank, savings and loan or credit union. Then instead of getting a check in the mail, your payment will be deposited to your ETA, on time, every time.
Choice #3: Check – Or, you can do nothing and continue to get your Social Security check in the mail.
To learn more contact Social Security either at our website, www.ssa.gov, or call toll free at 1-800-772-1213.
Social Security Manager