Modernizing Payments To and From America's Bank Account

2025-03-28Executive Order 14247
Signed by: Donald Trump
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Headline: Requires Federal Agencies to Stop Paper Checks by September 2025

What it does: Agencies must transition all federal payments and receipts to electronic methods and end paper checks by September 30, 2025.

Real World Impact:
  • Most federal benefit recipients and vendors will receive electronic payments, not paper checks.
  • Agencies must create enrollment and outreach programs for unbanked and underbanked people.
  • Treasury will centralize digital payment systems and eliminate physical lockbox services.
Topics: government payments, financial access, fraud prevention, digital payments

Summary

This order requires the federal government to move all payments from paper checks and money orders to electronic methods and stop issuing paper checks by September 30, 2025. It directs agencies to use direct deposit, prepaid cards, digital wallets, real-time payments, and centralized Treasury systems, while providing exceptions for people without bank access, emergencies, or national security needs.

The goal is to reduce costs, prevent fraud and mail theft, speed transactions, and improve payment security for taxpayers, recipients, and vendors.

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