A small percentage of Social Security beneficiaries still receive their payments via check. But by September 30, 2025, all payments will be processed electronically.
It’s no secret that paper checks can be easily lost, or worse, intercepted by fraudsters. The result can be a situation where seniors have their money stolen. To make matters worse, these intercepted checks can serve as a starting point for identity theft.
Some say the move toward electronic payments will reduce these instances of fraud. Click our blog below to learn more about the likelihood of check fraud, how to update your payment method, and the other proposed benefits of the switch to paperless payments.
