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The Go Direct campaign has converted more than 1 million federal benefit checks to direct deposit since the U.S. Treasury created the program in the fall of 2005. The millionth conversion came in June. More than 60,000 of these conversions came from the Eighth District alone.
Go Direct is designed to protect recipients of Social Security and other federal benefits from fraud and identity theft and give them greater control over their money by switching them from paper checks to direct deposit. The program relies heavily on partnerships with community organizations, including banks, credit unions and other financial institutions.
Memphis, which served as the sole Eighth District pilot location before the program went national, has several local organizations involved. Visit www.godirect.org to learn all about the program. If you are interested in having your bank or institution become a partner, call Go Direct at 952-346-6055 or click the Partners link on the web site.
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Fed in Print: An index of the economic research conducted by the Fed.