Despite 95 percent of Americans having heard or read about identity theft, a new survey reveals that many are unaware of the security differences between direct deposit and paper checks-placing them at greater risk for identity theft and fraud.
The survey, sponsored by the U.S. Department of the Treasury and the Federal Reserve Banks, is the latest public service initiative of the Go Direct campaign. Go Direct aims to motivate people who receive Social Security by paper check to switch to the safer, easier option of direct deposit.
Despite the fact that direct deposit has been around for more than two decades, the survey found that four out of 10 Americans (40 percent) do not use it.
According to the Treasury, direct deposit is simply the best way to receive federal benefits. Direct deposit eliminates the risk of lost or stolen checks, reduces fraud, protects against identity theft and gives people more control over their money. Plus, direct deposit provides people with immediate access to their money from virtually everywhere.
In addition, the survey found many Americans don’t know the facts about safeguarding their money and identity. Key...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
