DIRECT DEPOSIT: Social Security Paperless Deadline Approaches

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Opting to go paperless is a common occurrence for those who pay their bills online.
The Social Security Administration is taking a big step into the 21st century and making all of their checks paperless.
Social Security recipients only have until March 1 to sign up for electronic payments. The SSA has already begun to phase out paper checks, but about 5 million people are still receiving theirs in the mail each month.

Anyone who fails to switch over will still receive their check by mail, but they will be contacted by the Treasury Department.

The Treasury says the move to paperless will save $120 million in mailing costs and 12 million pounds of paper.

To read about direct deposit options or sign up to go paperless click here.