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Thursday, February 3, 2011

Message from Edward Jones

The U.S. Treasury Department has announced that beginning May 1, 2011, those enrolling in Social Security and other specified government programs will be required to receive benefit payments electronically. This is part of the U.S. Treasury's "Go Direct" campaign, designed to save taxpayers money and to provide Americans with their government payments in the safest and most reliable way.Recipients will be offered the choice of two payment types: direct deposit into a designated account or direct deposit to a re-loadable debit card.For those already receiving certain government checks, the requirement will be introduced in phases, with all current beneficiaries required to participate in the new payment distribution options beginning March 1, 2013.This change affects the following government payments: social security; supplemental security income; Veterans benefits; railroad retirement; and office of personnel management benefits.
If you plan to begin receiving any of these benefits on or after May 1, 2011, we can assist you with setting up a direct deposit into your Edward Jones account. The process is simple.

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