How many economic recovery payments will be made electronically and how many by paper check?
A – FMS plans to issue more than 64 million payments to benefit recipients with a potential economic impact of more than $16 billion dollars. We estimate that more than 53 million of these payments will be made electronically, which saves the taxpayers approximately $20 million. Those individuals who receive payments electronically will receive their funds on the payment date because electronic payments are so much more efficient than paper checks. Contact your paying agency to choose and electronic payment method for this economic recovery payment as well as for your FUTURE benefit payments.
