00:00The federal government will begin phasing out paper checks for Social Security and other federal payments by the end of September, in line with a Trump White House executive order aimed at reducing fraud and cutting costs.
00:12While most beneficiaries already receive funds electronically, those still using paper checks are being urged to enroll in direct deposit or opt for a Treasury-sponsored debit card.
00:23Though exemptions remain for some veterans and beneficiaries without access to digital banking, the shift is expected to save millions annually and intended to streamline the payment process.
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