VA Urges Vets to Sign-up for Direct Deposits

VA Urges Vets to Sign-up for Direct Deposits

WASHINGTON – Every month, 730,000 veterans or survivors look for their compensation, pension checks or educational assistance payments in their mailboxes.  Nearly all receive them, but theft and mail delays cause problems for some veterans, which can be prevented by direct deposits.

The Department of Veterans Affairs (VA) is urging those veterans and family members now receiving paper checks to join nearly 3.1 million others whose VA payments are safely deposited electronically.

“VA is teaming up with the Treasury Department in a new campaign to protect government beneficiaries against the theft of funds and of their identities,” said Secretary of Veterans Affairs Dr. James B. Peake. “Veterans earned — and rely on — the financial support we send them every month.  I urge them to help VA ensure they get those funds reliably and safely by signing up for direct deposit.”

Peake cited several easy ways to sign up for direct deposit — calling VA toll-free at (800) 333-1795 or enrolling online at www.GoDirect.org.  Veterans, and family members who receive VA payments, also can sign up by contacting a VA regional benefits office or their financial institution.  Information about direct deposits will be included in VA’s monthly compensation and pension envelopes throughout 2009.

The VA Secretary urged veterans to remember that direct deposits relieve worry about mail delivery being delayed by severe weather or natural disasters.  The deposits also eliminate trips to banks or credit unions to deposit checks, while providing immediate access to money at the same time each month.