Add Yahoo as a preferred source to see more of our stories on Google. The federal government is moving one step closer to getting out of the business of handing out paper checks, effective Sept. 30.

On March 25, 2025, President Trump signed Executive Order 14247: "Modernizing Payments To and From America's Bank Account," a sweeping directive mandating the end of most federal paper check use by ...

What do increased fraud, high costs, and operational inefficiencies all have in common? Paper checks, or at least, those were the reasons cited when President Donald Trump issued an executive order ...

Paper checks were already dying a slow death. President Donald Trump on March 25 signed an executive order mandating that all federal departments and agencies end their use of paper checks and switch ...

The paper check has been bounced from the federal government. But how much longer will we pay with checks at all? As of Sept. 30, the Social Security Administration, IRS and other federal departments ...

WASHINGTON (AP) — The U.S. government starts phasing out paper checks for most programs on Tuesday. The change, which was initiated through an executive order signed by President Donald Trump in March ...

The Federal Reserve says it is considering "winding down" its processing of paper checks for banks and their customers. - JGI/Jamie Grill/Tetra images RF/Getty Images First the penny. Next, paper ...

WASHINGTON (AP) — The U.S. government starts phasing out paper checks for most programs on Tuesday. The change, which was initiated through an executive order signed by President Donald Trump in March ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...