If you receive federal benefits by check (including, but not limited to, Social Security, Supplemental Security Income, VA Compensation and Pension) and have not yet enrolled in the U.S. Treasury’s GoDirect program, you must do so by March 1, 2013.
GoDirect is an electronic delivery program for paying federal benefits and is said to streamline the payment process and reduce costs. Missing the deadline will very likely delay the receipt of your benefits after the March date.
If you have already signed up, there is nothing more for you to do. But if you have not yet enrolled, First Farmers State Bank will gladly help you complete the enrollment process. We do not wish to see anyone experience a delay in the receipt of their benefits.
The days of paper checks for federal benefits are numbered, and the Treasury will require all recipients to receive their benefits electronically via the GoDirect program. You can choose to have your monthly benefits paid to you via direct deposit into a bank account or to your own Direct Express® Debit MasterCard®.
If you prefer a bank account, information from your current benefit check will be required, and we would be happy to establish an account for you. So, before you cash or deposit your next check, just call us and ask for one of our Personal Bankers. They will set everything up for you using information on your current paper check.
Be advised that it can take one to two payment cycles in order for this to take effect, so contact First Farmers today to limit potential delays in receiving your benefits after the March 1, 2013 deadline.
You can read more information about the new GoDirect program at www.godirect.gov.
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