Executive Order 14247: Modernizing Payments To and From America's Bank Account

What the order contains

Section headings exactly as they appear in the official text.

• Sec. 2. Policy
• Sec. 3. Phase Out of Paper Check Disbursements and Receipts
• Sec. 4. Exceptions and Accommodations for the Phase Out of Paper Check Disbursements and Receipts
• Sec. 5. Implementation and Compliance of Electronic Transactions
• Sec. 6. Reporting Requirements
• Sec. 7. General Provisions

Section 1, quoted from the order

Verbatim text from the signed document. These are the words of the document, not SaveYourState’s.

Purpose.The continued use of paper-based payments by the Federal Government, including checks and money orders, flowing into and out of the United States General Fund, which might be thought of as America's bank account, imposes unnecessary costs; delays; and risks of fraud, lost payments, theft, and inefficiencies. Mail theft complaints have increased substantially since the COVID-19 pandemic. Historically, Department of the Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer (EFT). Maintaining the physical infrastructure and specialized technology for digitizing paper records cost the American taxpayer over $657 million in Fiscal Year 2024 alone. […]

Federal Register notes

See: EO 14250, March 27, 2025