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Direct Deposit: A Fast, Convenient, and Secure Way to Receive Your Benefit Payments

February 12, 2021 • By

Last Updated: February 11, 2021

couple reviewing direct deposit options on their laptopAt Social Security and Veterans Affairs, issuing timely benefit payments is a core service we both provide. After all, we know you want your benefits on time to cover your household or medical expenses. The most secure way to get your benefits is to receive them electronically. It’s faster, safer, and more convenient than a paper check.

More than 98 percent of individuals receive their monthly benefit payments electronically—either by direct deposit or on their Direct Express® Debit Mastercard®. They don’t have to wait for a check to arrive in the mail and go to a bank or other location to cash it. Instead, their monthly benefits are deposited into their bank account or debit card automatically on the payment date.

We encourage everyone to sign up for direct deposit or the Direct Express® Debit Mastercard®. You can learn more about direct deposit on Social Security’s Direct Deposit webpage. Please share this information with your friends and family—and also on social media.


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About the Author

Joanne R. Gasparini, Deputy Chief Financial Officer, Social Security Administration, and Charles S. Tapp II, Chief Financial Officer at the Department of Veterans Affairs, Veterans Benefits Administration

Joanne R. Gasparini, Deputy Chief Financial Officer, Social Security Administration, and Charles S. Tapp II, Chief Financial Officer at the Department of Veterans Affairs, Veterans Benefits Administration

Comments

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  1. Marilyn Montgomery

    can anyone tell me why, as I am in the UK and receive my widows social security every month, electronically, April 3rd payment did not arrive as usual. Does Easter weekend affect the electronic payments the 3rd. Today is the 6th and nothing….

    Reply
    • Vonda

      Hi Marilyn, thanks for using our blog. If you do not receive your electronic payment on the scheduled pay date, please contact your bank or financial institution first. If you still need to report a late, missing, or stolen Social Security payment, please visit our Frequently Asked Questions. Thanks!

      Reply
  2. Techransom

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  3. Santiago B. Warner

    Really, amazing this. Thanks for sharing about Secure Way to Receive Your Benefit Payments. I have read this article and gain a lot ofv knowdege abour Secure Payments. Best Multipurpose WordPress Themes.

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