Executive Order 14247: What It Means for You

The U.S. Department of the Treasury is implementing Executive Order 14247, titled “Modernizing Payments To and From America’s Bank Account.” This initiative requires that all federal payments—such as Social Security benefits, tax refunds, and other disbursements—be made electronically by September 30, 2025.

The goal of this executive order is to:

• Improve payment speed and reliability
• Reduce government costs
• Prevent fraud and lost checks

Although this change is positive, we understand that a learning curve accompanies such an adjustment. Many Americans are unfamiliar with electronic payments or how to set up direct deposits into their bank accounts. First Financial hopes to help!

If You Currently Receive Paper Checks…

If you’re receiving your Social Security or other federal payments by paper check, this change will affect you—but in a good way. Switching to direct deposit or another electronic method is faster, safer, and more convenient. 

Don’t Wait Until the Deadline. The Treasury is encouraging everyone to make the switch before September 30, 2025. Doing it now means you’ll enjoy the benefits sooner—and avoid any last-minute issues.

Why Direct Deposit is Preferred over Receiving Paper Checks

1.  Faster access to funds. Direct deposit delivers money on the payment date, often even earlier, without waiting for mail delivery or bank processing.
2. Increased security. No risk of your check being lost, stolen, or tampered with in the mail. Funds go directly into your account.
3. Convenience. No need to visit a bank or check-cashing location. (Unless, of course, you would like to say hello.)
4. Environmentally friendly. Reduces paper use and transportation emissions.
5. Peace of mind. You don't have to worry about whether your check will arrive on time or if you'll have access to your money when needed.

Benefits of a Checking Account

• Safe storage for your money, backed by the FDIC
• Easy, 24/7 access to your funds via debit card, ATM, or digital banking
• Protection from theft or loss associated with cash
• Easily set up your direct deposit using 1Click. 
  • With 1Click, you can set your electronic payments to deposit directly into your First Financial account within minutes. Learn more about this simple tool here.