As per the official press release published on SSA.Gov, Commissioner Astrue says, “Direct Deposit is a secure and easy way to receive Social Security Payments. It is the simple step people can take to eliminate one concern as they get ready for the hurricane season. Having funds available in the event of a storm is critically important. 87% of our beneficiaries already take advantage of Direct Deposit and I urge anyone not yet signed up for electronic payments to do so now."
As of May 1, 2011, anyone who applies for Social Security or Supplemental Security Income benefits will receive payments electronically, and all current beneficiaries must switch to electronic payments by March 1, 2013.
Reference: SSA.Gov
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