ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

Executive order phases out U.S. Treasury paper checks

March 25, 2025
Reading Time: 2 mins read
Executive order phases out U.S. Treasury paper checks

Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks for disbursements, including tax refunds, vendor payments, benefit payments and intergovernmental transfers.

The order also covers the use of paper checks to pay the federal government “as soon as practicable, and to the extent permitted by law.” In addition, it directs the Treasury Department to develop a comprehensive public awareness campaign of the change, “including guidance on accessing and setting up digital payment options.”

In a statement, American Bankers Association President and CEO Rob Nichols said the association welcomed the order. He noted that despite a continued decline in business and consumer use of checks, check fraud has continued to rise.

“That is why ABA and banks across the country launched the #PracticeSafeChecks campaign last October to educate consumers, including encouraging them to use digital banking options to send money whenever possible,” Nichols said. “The bottom line: Electronic payments are a much faster, cheaper and safer choice for consumers and the federal government.”

The move was billed as a crackdown on waste, fraud and abuse, as well as a step toward greater efficiency. According to the order, “Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer.” The White House also noted the rise in check fraud and added that maintaining the infrastructure for paper check processing cost $657 million in 2024.

The order directed the treasury secretary to make exceptions “for people without banking or electronic payment access, certain emergency payments, certain law enforcement activities, and other special cases qualifying for an exception under the order or other existing law.”

Tags: Check fraudFraudScams
ShareTweetPin

Related Posts

Treasury hosts community bank leaders for financial literacy roundtable

Treasury hosts community bank leaders for financial literacy roundtable

Community Banking
April 24, 2026

The event provided the Treasury secretary and agency leaders the opportunity to hear firsthand about successful financial literacy efforts. The discussion will help inform Treasury’s ongoing work to update the National Strategy on Financial Literacy. Participants also highlighted...

BAFT issues global payments white paper, reelects board members

Nacha reports growth in same-day ACH payments

Newsbytes
April 24, 2026

ACH processed 403 million same-day payments in the first quarter of 2026, up 23.6% from the same period last year, network operator Nacha said.

Social Security asks banks to encourage clients to open online accounts

Social Security asks banks to encourage clients to open online accounts

Newsbytes
April 24, 2026

The accounts allow individuals to review their earnings history and report missing or incorrect earnings to Social Security, and access spousal and survivor benefit estimates, according to the SSA.

Fed, OCC debut supplementary leverage ratio reform proposal

Agencies finalize changes to community bank leverage ratio

Community Banking
April 23, 2026

Federal banking agencies finalized interagency rulemaking to expand the eligibility criteria for the community bank leverage ratio, adopting changes first proposed last year without further revisions.

ABA urges FCC to modernize calling rules, strengthen fraud protections

ABA supports issuance of ‘know your customer’ proposal for originating providers

Compliance and Risk
April 23, 2026

ABA expressed its support for FCC Chairman Brendan Carr’s decision to schedule a vote on issuing a proposal that would impose stronger “know your customer” requirements on voice service providers that originate calls.

FinCEN proposes severing Cambodian firm as institution of primary money laundering concern

OFAC targets Southeast Asian scam center network

Compliance and Risk
April 23, 2026

The Treasury Department’s Office of Foreign Assets Control sanctioned a Cambodian senator and 28 individuals for their alleged roles in running scam centers that defraud Americans. ABA applauded the decision.

NEWSBYTES

Treasury hosts community bank leaders for financial literacy roundtable

April 24, 2026

Nacha reports growth in same-day ACH payments

April 24, 2026

Social Security asks banks to encourage clients to open online accounts

April 24, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Why Your Systems Keep Slowing Down — and What to Do About It

April 21, 2026
Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

How leading banks are enhancing customer engagement through financial data insights

April 10, 2026
Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.

Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.

April 1, 2026
How top agricultural lenders are approaching AI, automation and innovation in 2026

How top agricultural lenders are approaching AI, automation and innovation in 2026

March 2, 2026

PODCASTS

Podcast: ABA’s ecosystem strategy to tackle fraud

April 22, 2026

Podcast: Capitalizing on opportunities to serve high-net-worth clients

April 9, 2026

Podcast: Are credit union commercial loans risky business?

March 30, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.