Starting next year, the check will no longer be in the mail for millions of people who receive Social Security and other government benefits.
The federal government, which issues 73 million payments a month, is phasing out paper checks for all benefit programs. Starting in March, it will require people to get payments electronically, either through direct deposit or a debit card for those without a bank account. Tax refunds are exempt, but the IRS encourages taxpayers to get refunds electronically.
90 Percent of people receiving federal benefits who now get their payments electronically, the Treasury Department says.
$120M About how much the switch will save the government each year.