Truthfully, you do not have to sign up for direct deposit. But, you also will not have the option of receiving a paper check beyond March 1, 2013. If you do not want to set up direct deposit then you can elect to receive your monthly Social Security benefits via the Direct Express prepaid debit card.
Social Security is moving to an entirely electronic payment system because they claim it will save them $1 billion over the next ten years. According to the Social Security Administration, it costs 92 cents more to issue a payment by paper check then it does by direct deposit.
Read more about the change in the Senior Journal.
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