By the Numbers: 4 August 2025
120,000+
The number of veterans and their family members "who receive benefits by paper check" rather than electronic deposit, according to an article in Stars & Stripes -- VA urges holdouts still receiving veterans benefits by paper check to move to electronic banking. A recent executive order mandates that "federal agencies...phase out check disbursements and receipts “'to the extent possible under law'” by September 30, the last day of FY 2025.
Paper checks issued by the Treasury Department are 16 times more likely to be reported lost or stolen, returned undeliverable or altered than an electronic funds transfer, according to the executive order.
120,000+
The number of veterans and their family members "who receive benefits by paper check" rather than electronic deposit, according to an article in Stars & Stripes -- VA urges holdouts still receiving veterans benefits by paper check to move to electronic banking. A recent executive order mandates that "federal agencies...phase out check disbursements and receipts “'to the extent possible under law'” by September 30, the last day of FY 2025.
Paper checks issued by the Treasury Department are 16 times more likely to be reported lost or stolen, returned undeliverable or altered than an electronic funds transfer, according to the executive order.