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Social Security phases out paper payments

Wednesday, January 9, 2013 - 9:29pm

Social Security recipients have less than two months to switch to electronic payments.

Paper checks are being phased out in an effort to cut costs.

About 93% of payments are now made electronically but about five millions checks are still mailed each month.

The Treasury Department says that mailing costs 4.6 million dollars a month.

Those who fail to switch over will still get paper checks after March 1st.

A Treasury spokesman says they will contact those people in a quote  "more personal, direct way" to ask them to switch.

To sign up for benefits, recipients can visit, call a toll-free helpline at 1-800-333-1795 or speak with their local bank or credit union representative.


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