Federal Payments Are Moving to Electronic Deposit
Beginning September 30, 2025, most federal benefit payments and tax refunds will be sent electronically. This means:
- Paper checks will no longer be available for most recipients.
- Payments such as Social Security and Veterans’ Affairs (VA) benefits will be issued through direct deposit.
- Since October 2025, the federal government has already stopped using paper checks for most benefit programs.
Because of these federal policy changes, anyone who pays taxes or receives tax refunds will need to use direct deposit instead of receiving a paper check.
Why Switch to Direct Deposit
Direct deposit is the safest and fastest way to receive your money. Benefits include:
- No lost or stolen checks
- Faster access to your funds
- Reliable and secure electronic delivery
Switching now ensures you are prepared before paper checks are phased out.
Need a Bank Account?
If you do not currently have a bank account, you can open a Bank On Certified Account. These accounts are designed to be safe, affordable, and accessible.
Features of Bank On Certified Accounts
- Monthly cost of $5 or less
- No overdraft fees—ever
- Safe, secure, and designed for everyday banking needs
How to Open an Account
- If you have an Indiana Driver’s License, you can open an account on your phone.
- If you prefer to open an account in person or have another form of ID, visit a participating bank branch and ask for the Bank On account.
Take Action Today
Direct deposit keeps your money safe and ensures you receive your payments without delay. Preparing now helps avoid interruptions when paper checks are no longer issued.
For more information about Bank On NWI or to find participating financial institutions, contact your local Bank On partner or visit a nearby branch.
Click here to view accounts available in Northwest Indiana.