The Federal Government now requires that most government payments be sent directly to a savings or checking account at a financial institution instead of being sent to the recipient's home. Under the RRB's Direct Deposit program, your monthly annuity payment will be made directly to your savings or checking account at the financial institution that you indicate on your annuity application. You will find that this is both safe and convenient.
If you decline direct deposit based on hardship, you can still change your mind at a later date. Telephone or visit your RRB field office. Have one of your personal checks handy because it contains the information needed to start direct deposit. The field office personnel will enter the information into our payment system and tell you when the direct deposit will take effect.
You may also take one of your annuity checks to your financial institution and ask them to complete an automated Quick$tart enrollment or a Form SF-1199A Authorization for Deposit of Federal Recurring Benefits. Your financial institution will have this form on hand. Your financial institution will submit your enrollment to the RRB. Shortly after the RRB receives your direct deposit information, your monthly annuity payment will start going directly to your savings or checking account.
If you later change your account or financial institution, follow the steps indicated above for direct deposit to your new account. Keep your old account open until the direct deposit of payments to your new account begins.
Even though your payments are on direct deposit, be sure to keep your home address on our records current as explained below.