More From This User
Related Docuements
Basics of Banking
This pdf file contains the content related to Banking, and it is for the begi...
From mehrajm
FINANCIAL SERVICES EDUCATION COALITION
Section 7. Consumer Fact Sheets
FINANCIAL SERVICES EDUCATION COALITION
The following fact sheets are part of a continuing series of materials on financial education.
1.Fact Sheet - Now, Three Ways to Receive Your Federal Government Payments2.Fact Sheet - Now, Four Ways to Receive Your Federal Government Payments(available in AL, AR, FL, GA, KY, MO, NC and TN)3.Fact Sheet - Direct Deposit Saves Time4.Fact Sheet - Electronic Transfer Account — ETA
SM
5.Fact Sheet - The Benefit Security
®
Card6.Fact Sheet - Choosing a Financial Institution7.Fact Sheet - Choosing a Deposit Account8.Fact Sheet - Using Deposit Accounts9.Fact Sheet - Automated Teller Machines (ATMs)10.Fact Sheet - Debit Cards11.Fact Sheet - Keeping Track of Your Electronic Transactions12.Fact Sheet - Understanding Electronic Products and Services at Your Financial Institution13.Fact Sheet - Frequently Asked Questions14.Fact Sheet - Glossary
Name:Organization:Address:City:State:ZIP:Phone:FAX:E-mail Address:
If educators are interested in obtaining additional copies of any of the listed fact sheets, please contact:
Financial Services Education Series
Consumer Fact Sheets 7.1
THE FACTS:
FINANCIAL SERVICES EDUCATION COALITION
The Facts: Now, Three Ways to Receive Your Federal Government Payment1
Is there a change in how I canget my Federal payment?
Yes. Recently, a law was passedthat said the Federal Government would make most of its paymentselectronically beginning January 2,1999. What does that mean for you? It means that you have choicesabout how you get your Federalpayment. These payments include:•Social Security •Supplemental Security Income(SSI)•Veterans Benefits•Civil Service Payments•Railroad Retirement Payments•Military Retirement Payments•Federal Salary and Wage Payments
What do I need to know aboutthis change?
You need to know that you havechoices for how you get your Federalpayment. Here are your choices.1.
Sign up for Direct Deposit.
Direct Deposit means that yourFederal payment is automatically put into your checking, sharedraft (a credit union account) orsavings account, or an ETA
SM
– ElectronicTransfer Account.There is no paper check to wait for or to deposit at the bank. Your moneygoes right into youraccount. You can sign up forDirect Deposit at your bank,savings and loan, or credit union.Direct Deposit is a simple, safeand secure way to get yourmoney. There should be nocharge for Direct Deposit.2.
Open an Electronic Transfer Account (ETA)
. An ETA is anew federally insured accountthat you can open at a bank,savings and loan, or creditunion that shows the ETA logo. An ETA is a low-cost accountfor people who do not have ordo not want a checking orsavings account. Opening anETA means that your Federalpayment will be depositedautomatically into your account.To find out where you can openan ETA, call 1-888-382-3311(TDD: 1-877-326-5833), toll-free, or visitour Web site at
www.eta-find.gov
.3.
Get your check in the mail.
You can get your Federal paymentby check if getting your paymentby Direct Deposit or an ETA wouldcause you a hardship.
Now, Three Ways to Receive Your Federal Government Payments
You need to know that you havechoices for how you get yourFederal payment.
of 00
US Treasury: consumer-facts
2,431 Reads
Info and Rating
| Category: | Uncategorized. |
| Rating: | (1 Rating) |
| Upload Date: | 01/21/2008 |
| Copyright: | Attribution Non-commercial |
| Tags: |
Leave a Comment