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Go Direct Direct deposit deadline is May 1
WASHINGTON (4/7/11)--Individuals applying for Social Security or other federal benefits will begin receiving their payments exclusively via direct deposit on May 1. The Treasury began its Go Direct program, which encourages Americans to switch to direct deposit, in 2004. The Go Direct campaign notes that direct deposit enhances safety and convenience. To sign up for direct deposit, eligible enrollees will need to know their financial institution's routing transit number, the type of account that the funds will be deposited into, and the account number. The payments will then be made to credit union accounts, bank accounts, or Direct Express Debit MasterCard card accounts, according to the U.S. Treasury. The Credit Union National Association (CUNA) is a Go Direct national partner and supports the check-safety and cost-savings goals for the program.
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