Use direct deposit to avoid lost/stolen checks

Columnist Terry Savage shares some sobering statistics:

It seems a point almost too obvious to make. Yet, last year, more than 480,000 Social Security checks were reported lost or stolen and had to be reissued. And $64 million in Treasury-issued checks were fraudulently endorsed.

Savage recommends that SS benefit recipients enroll in direct deposit, ensuring that payments will go directly to their account.

Savage says GoDirect.org can give more information and guidance on the benefits of direct deposit. We feel that, once you have direct deposit, you’ll never go back to regular paper checks. It cuts a lot of hassle out of the whole process.

0 Responses to “Use direct deposit to avoid lost/stolen checks”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s




American 1 Federal Credit Union

<span>%d</span> bloggers like this: