Comment period open for U.S. Treasury requiring electronic payments

Written on Jun 06, 2025

In a follow up to last week’s article titled “U.S. Treasury phasing out tax refunds via paper checks,” the U.S. Department of the Treasury has now released a request for information. 

On March 25, President Trump issued Executive Order 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments.   

 As described in the Treasury news release: 

  • Beginning Sept. 30, 2025, all federal payments that are currently made by paper checks — including Social Security benefits, tax refunds, and vendor payments — will be made electronically.  

  • The Request for Information offers the opportunity for interested individuals and organizations to provide feedback on Treasury’s implementation of the Executive Order and make recommendations to increase public awareness to help consumers, including unbanked and underbanked populations, transition to digital payments. 

Written comments and information are requested on or before June 30, 2025.  Please use this link to find instructions for submitting your comments, along with specific questions related to the proposed implementation.