The Social Security Administration is transitioning to electronic payments next week after 85 years of issuing paper checks to U.S. retirees.

Paper checks are considerably costlier than electronic fund transfers (EFTs). Whereas a paper check costs the U.S. government about $0.50 to issue, an EFT costs less than $0.15. This should reduce ...

Those who get Supplemental Security Income checks will get two checks during the month of August. The double delivery is a result of the Social Security Administration’s calendar. Payments are ...

Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order ...

Under its new policies, the SSA said it would begin issuing overpayment notices on April 25, 2025, and would start withholding 50% of the recipient's benefits after about 90 days (or approximately ...

While some of the over 71 million Americans who receive Social Security payments may get smaller checks, recipients will still get them on schedule. There will also be two SSI payments in August due ...

Of the over 71 million Americans who receive regular Social Security payments, some may have begun receiving smaller checks. However, the payments should arrive on schedule nonetheless. While all of ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...

Some of the over 71 million Americans who receive Social Security payments may have noticed smaller checks recently; however, the payments should still arrive on schedule. A second August check is ...

Corrections & Clarifications: A previous version of this article incorrectly stated when Social Security checks would be sent out. As some Social Security recipients received two checks in August, ...