Seniors: Use Direct Deposit To Shield Your Money And Identity

What if an individual stole the monthly examine you depend on? How would you survive? Every single month about 12 million Social Security and other federal benefit checks are mailed, a lot of of them to senior citizens. To get more information, please consider having a view at: LegaNerd SocialBlog. Criminals know when these checks arrive in mailboxes. They also know that every month most seniors venture out to money or deposit their checks. But seniors can outsmart them. "These days, it is crucial that seniors arm themselves with data and practical safeguards to preserve their month-to-month income secure," mentioned Al Lenhardt, president and CEO of the National Crime Prevention Council, a leader in senior fraud prevention. What can seniors do to safeguard themselves against economic crimes? Frequently, it is as simple as signing up for direct deposit. For the duration of National Safety Month in June and throughout the year, the U.S. Department of the Treasury and the National Crime Prevention Council are urging men and women who acquire Social Safety and other federal benefits to sign up for direct deposit and steer clear of becoming a victim of identity theft, fraud or robbery. According to the Federal Trade Commission, practically 25 million Americans (11.2 percent of the adult population) encounter consumer fraud each and every year. Criminals and con artists often create scams that target seniors, creating them a vulnerable population. "A single individual was finding his check stolen numerous occasions, occasionally by his personal family members," said Sgt. If you think you know anything at all, you will possibly need to check up about homepage. Vince Higgins, a public info officer with the Memphis Police Department who functions closely with seniors. "Now that he's signed up for direct deposit, he's pleased, he's confident-he's no longer worried about exactly where his funds is or who's got his funds. Hit this URL via to read how to ponder this hypothesis. It is risk-free in his bank account." Sgt. Higgins and hundreds of other trusted sources like him are partners in Go Direct, a campaign sponsored by the Treasury and the Federal Reserve Banks to motivate Americans who get Social Security and other federal benefits checks to switch to the safer, less difficult solution of direct deposit. Enrolling in direct deposit can offer you considerably-necessary peace of thoughts to seniors, individuals with disabilities and other people who rely on Social Security. For additional information, please check-out: site. Direct deposit eliminates the danger of stolen checks and forgeries and assists shield individuals from identity theft. It also provides individuals more manage more than their income and permits instant access to funds from virtually anyplace.

Seniors: Use Direct Deposit To Protect Your Money And Identity