Veterans can receive benefit payments easier, safer, through direct deposit


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Veterans who receive federal benefits should sign up for direct deposit to receive their benefit payments electronically.

Direct deposit is easier, safer and more reliable than prepaid debit cards or paper checks that often get lost or delayed in the mail. Direct deposit also allows beneficiaries to receive their benefits automatically, without leaving their home, which helps protect their health and safety by limiting unnecessary contact with others.

More than 98% of SSA and Veterans Benefits Administration (VBA) beneficiaries already receive their monthly benefit payment on time, every time, because they’ve enrolled in direct deposit.

To provide Veterans and service members with a safe, reliable and inexpensive way to receive their VA monetary benefits, VA launched the Veterans Benefits Banking Program (VBBP). Through VBBP, Veterans can access federally-insured banking institutions that specialize in services for military personnel, Veterans and their families. Participating VBBP banks offer Veterans and service members low- to no-cost checking accounts into which benefit payments can be direct deposited, as well as other financial services.

Since the program’s launch in December 2019, more than 30,000 Veterans have signed up for VBBP. Veterans can learn more about VBBP online, sign up by calling VA at 1-800-827-1000, or visit a participating bank or credit union and request to participate in the program.

Partnership

To streamline the process for disbursing funds to millions of Americans and ensuring timely receipt of benefit payments, VA and the Social Security Administration are joining forces with the U.S. Department of Treasury’s Bureau of the Fiscal Service. The agencies have teamed up to share ideas and explore new opportunities for collaboration that will improve the federal benefit experience.

VA and the Social Security Administration are connected by their shared commitment to serve the American public and to issue payments for federal benefits. From a retiree who receives Social Security benefits to a Veteran who receives disability compensation, monthly benefit payments are essential for millions of Americans. These payments provide beneficiaries with critical support needed to pay rent, buy food, purchase medicine, pay for school, and more. It is crucial that these payments are delivered on time, every time.


Joanne Gasparini is the associate commissioner of the Office of Financial Policy and Operations at the Social Security Administration.

Charles S. Tapp II is the chief financial officer at VBA.

Ronda Kent is the assistant commissioner for Payment Management and Chief Disbursing Officer at the Department of the Treasury’s Bureau of the Fiscal Service.

Author

VAntagePoint Contributor

— VAntage Point Contributors provide insight and perspective on a wide range of Veterans issues. If you’d like to contribute a story to VAntage Point, learn how you can submit a guest blog at http://www.blogs.va.gov/VAntage/how-to-submit-a-guest-post/

Comments

  1. Tim l Wilson    

    Why does the Navy’s Veteran department try reaching out to Sailors they know were exposed to asbestos will their tour of duty. I was exposed while on the FF USS Albert David and its dry docking at NASSCO shipyard.The ship was overhauled and we were housed on a barge in the middle of the ship yard so we we constantly covered in dust and forced to breath (bad) air.I joined to broaden my horizons and being an E-1 to E-3 I even although being an EW I was able to even be a cook a cool tradition at least I thought so. However being cheap labor for the Navy while the shipyard workers made 23-50 dollars an hour I gave 100%.The married guys got extra pay and off base housing which being single I did not, still I loved it after my A school and enduring through after a while another EW who was married and had a newborn baby was fixing to get Haze Gray and Underway we had the same enlistment day and end of duty day,so we tried to swap duty stations which was denied by my LT.Shook my Petty Officer,Chief and even Ensign Price had approved. Now I am having serious health issues and left with an OTH DD 214. CAN you please help me out with the upgrade. I am currently filing for disability benefits THANK YOU EW E-1 TIMOTHY LEONARD WILSON

  2. ABRAHAM STIGGERS    

    Get your medical records and take them to a VA representative in your local area. They will assist you, if you want to file a disability claim.
    Do not wait for the Doctor to help you, help your self by talking with a VA rep, i.e., American Legion, DAV or VFW.

  3. Nathan Jackson    

    At McCollin air Force Base my primary care physician Dr tangling has over 20 years of proof that my military injuries are legit and he won’t do anything without it I won’t live another year at 10% I will not be able to get the operations or medical care to live a year and he knows it why he hates me so much I no idea

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