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pAlbeit the advancements in technology, the government still relies on direct mail when sending checks to their beneficiaries. This practice is tied up with how most banks can release funds to its recipients. There are several disadvantages with this process which include lost checks and postponed payment due to courier timelines.br /br /More than these reasons, the government has better rational for changing the way funds are distributed to its beneficiaries. The US government chose to send checks electronically. This will comprise the beneficiaries who previously applied for Social Security and other institutions by the first of May next year will be able to receive their checks electronically, directly deposited into their bank or a title=federal credit union href=http://www.coasthills.coop/federal-credit-union/credit-union-bank.htm target=_blankfederal credit union/a. The statement was given by the US Treasury Department last Tuesday.br /br /Beneficiaries who have previously received their checks will need to find a way to receive their checks electronically by the first of March in 2013. Officials from the Treasury Department said that statistically eight out of ten benefit recipients are already using electronic sending of benefits. Other beneficiaries will start receiving their money via a safe and reliable way using electronic funds transfer.br /br /With this process completely implemented, government beneficiaries will start enjoying the benefits of timely funds transfer. Simply because it will be simpler to receive checks quickly into your account rather than through mail.br /br /Perhaps most importantly, this initiative will also help the government save a lot of money which will in turn is good for taxpayers. They will no longer be obliged to pay for the $120 million annual budget established for paper checks. It will also save one billion dollars for Social Security for 10 years.br /br /Of course, for this new procedure, a new problem is presented. Considering that most of the beneficiaries are elderly, the problem of misunderstanding the process is expected. This issue has been anticipated by the government so an education campaign will be launched to facilitate help to beneficiaries making the transition more smooth.br /br /One of the buying points that the national government displayed when promoting the new practice is focused on reiterating the switch to paperless checks will be beneficial to its beneficiaries. Officials said that once the switch is on full blast, it will eliminate concerns of missed checks and thus providing timely access to the benefits received.br /br /The new process includes Social Security, Veterans Affairs, Office of the Personnel Management, Railroad Retirement and Supplemental Security Income. From these agencies, several beneficiaries await the full implementation of the said process. Hopes are high that it will be a easy implementation.br /br /Paperless environments have been implemented at most banks and your local a title=federal credit union href=http://www.coasthills.coop/federal-credit-union/credit-union-bank.htm target=_blankfederal credit union/a for some time. It has been an initiative that promotes economizing on resources, a major initiative that focuses on using up resources on other aspects of operation. These initiatives have helped private companies provide better services and benefits to their employees. Clearly, these advantages have been recognized by the government./p