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Social Security is changing the way millions get paid: What you need to know

Leila Ahmed
Reporter · Thursday, November 5, 2026 at 12:00 PM · 1 min read
Social Security is changing the way millions get paid: What you need to know — Syracuse Community news

For 95% of Social Security’s 75-million beneficiaries, monthly payments arrive in the form of direct deposits to their bank accounts. For almost 4 million people, however, benefits are made via a prepaid Mastercard that provides an alternative for those who do not have a traditional bank account.

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