Federal law mandates that all Federal benefit payments – including Social Security and Supplemental Security Income benefits – must be made electronically.

Bank Deposit
  • Deposit your check at a U.S. Bank branch or ATM. If there isn’t a branch or ATM near you, you can deposit your check by mailing it to us with a deposit slip. If you don’t have a deposit slip, you can simply write your account number on the check. Be sure to sign the back of your check before mailing.
  • Online access through the State Farm mobile app to your U.S. Bank checking account lets you pay bills, deposit checks, and more, online or from any mobile device.
  • Bank deposit a sum of money held on deposit with a COMMERCIAL BANK (or SAVINGS BANK).Bank deposits are of two main types: sight deposits (CURRENT ACCOUNTS), which are withdrawable on demand; time deposits (DEPOSIT ACCOUNTS), which are withdrawable subject usually to some notice being given.

A bank deposit slip template is a piece of paper given by a bank to its clients. It contains relevant information about the money the client wants to add to an account. Although a lot of banks have started using ATMs, deposit slips are still very useful.

Bank

There are two ways you can receive your benefits:

  1. Into an existing bank account via Direct Deposit or
  2. Onto a Direct Express® Debit Mastercard®

Bank Rules For Large Deposits

Direct Deposit is the best electronic payment option for you because it is:

  • Safe – Since your money goes directly into the bank in the form of an electronic transfer, there's no risk of a check being lost or stolen.
  • Quick – It's easy to receive your benefit by Direct Deposit. You can sign up online at Go Direct®, by calling 1-800-333-1795, in person at your bank, savings and loan or credit union, or calling Social Security. Then, just relax. Your benefit will go automatically into your account every month. And you'll have more time to do the things you enjoy!
  • Convenient – With Direct Deposit, you no longer have to stand in line to cash your check when it arrives. Your money goes directly into your account. You don't have to leave your house in bad weather or worry if you're on vacation or away from home. You don't have to pay any fees to cash your checks. Your money is in your account ready to use when business opens the day you receive your check.

If you are applying for Social Security or Supplemental Security Income benefits, you must elect to receive your benefit payment electronically when you enroll. If you currently receive Social Security or Supplemental Security Income benefits by check, you must switch to an electronic payment option listed above.

Bank deposits btd6

To learn more about how to easily switch from a paper check to an electronic payment option, visit Treasury’s Go Direct website or call the Treasury’s Electronic Payment Solution Center at 1-800-333-1795. You can also create a mySocial Security account and start or change Direct Deposit online.

In extremely rare circumstances, Treasury may grant exceptions to the electronic payment mandate. For more information or to request a waiver, call Treasury at 855-290-1545. You may also print and fill out a waiver form and return it to the address on the form.

Bank Deposits

If you have any questions, call Social Security at 1-800-772-1213 (TTY 1-800-325-0778).