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 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.

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