Did You Know...

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• Direct deposit is significantly safer than checks - in fact, you are 30 times more likely to have a problem with your check than with your direct deposit payment.

• Check fraud and identity theft are growing risks for all Americans, including people who receive federal benefits. In 2005, about 65,000 checks issued by the U.S. Department of the Treasury fell prey to endorsement forgeries. These checks totaled $60 million in estimated value.

• Currently, almost 50 million people receive Social Security payments each month. Social Security recipients are the largest group to receive government payments.

• Benefit recipients who use direct deposit can access their payments as soon as their bank or credit union opens on payment day.

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