The U.S. Treasury Department announced the phase out of paper checks beginning September 30, 2025. All federal payments, including payments for Social Security benefits, Veterans benefits, and tax refunds, will be issued electronically. This change aims to reduce costs, expedite payment, and lower the risk of fraud from lost or stolen checks.
What should you do now?
To avoid any disruptions, please set up your federal payments for direct deposit as soon as possible:
- Instructions and agency contact information: Click here for details on updating your payment method for each agency.
- Tax refunds only: If a tax refund is the only federal payment you receive, no immediate action is required. You will simply need to provide your direct deposit information the next time you file your taxes.
If you need your MVSB direct deposit details:
- Routing number: 211772936
- Account number: Found on the bottom of your check or on your statement.
Click here for a guide to this information. We are always happy to assist in person or by phone – please stop by or contact us at 800.922.6872 for assistance.
Stay Safe from Scams
Scammers often exploit federal announcements to target consumers. Protect yourself by following these guidelines:
- Be cautious of unexpected notices, texts, emails, or phone calls. Federal agencies rarely contact individuals directly in this way.
- Always rely on the contact information from your official statement or the agency’s verified website.
