Safe, Convenient, Reliable: Depositing Social Security Checks With Direct Deposit
Are you worried about losing or misplacing your Social Security checks? Have you grown tired of traveling in bad weather and waiting in long lines simply to make a deposit? Do you need a more secure way to handle your money? Cast your worries aside and deposit your Social Security checks with direct deposit.
Direct deposit is a safe and reliable way to deposit your Social Security check without ever leaving the house. With direct deposit, the U.S. Treasury sends an automatic message to your bank or credit union, depositing the exact amount of your check. Whether you are out of town or unable to make it to the bank, direct deposit quickly and safely deposits your checks for you. The deposit occurs at the same time each month, enabling you to know when money is available.
“Direct deposit is a secure, convenient, and dependable way of ensuring that your check is deposited… you never have to worry about misplacing a check,” says MVES Money Management Coordinator Bob Martin.
Direct deposit is a dependable service that ensures your check will not be lost or stolen. Over the last 23 years, the Social Security Administration (SSA) has delivered over 1.8 billion direct deposit payments and not one has ever been lost.
If you’d like a more convenient banking experience, contact your bank or credit union and ask them about using direct deposit to handle your Social Security checks. Also, you can call the Social Security Administration’s toll-free number, 1-800-772-1213, and sign up over the phone. Be aware that if you are signing up over the phone, you will need to have your bank account information and Social Security number handy to verify your identity. Although you will need to provide the Social Security Administration with account information and your Social Security number, please remember not to give out this information over the phone normally. Once you’re signed up, the Social Security Administration will send you a letter telling you when direct deposit will begin. Within 30 to 60 days, you will receive your deposit quickly and safely.
