Social Security Administration is a state-owned agency headquartered in the US. Founded in 1935 with approximately 60,000 employees, the agency is an independent agency of the U.S. federal government responsible for administering social security.
The Social Security Administration (SSA) is implementing a significant change affecting debit cards used by millions of recipients, with the majority of the 70.6 million Americans receiving Social Security and Supplemental Security Income benefits electronically via direct deposit or Direct Express prepaid debit cards. On June 24, 2026, the SSA announced its plan to complete the transition of all beneficiaries to electronic payments this year, a directive initiated in 2025 to move recipients away from paper checks. Earlier in June 2026, the SSA began transitioning approximately 3.6 million beneficiaries who receive funds through the Direct Express prepaid debit card program to new cards issued by a different bank, marking a pivotal shift in how federal benefits are distributed.
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