Fact Sheet: President Donald J. Trump Modernizes Payments to and from America’s Bank Account – ]

President Trump signed an executive order to modernize federal government payments, eliminating paper checks by September 30, 2025. This shift to electronic funds transfers (EFT) aims to reduce costs, improve security, and combat fraud associated with paper-based systems. While exceptions will be made for certain individuals and situations, the transition will involve a public awareness campaign to guide citizens toward digital payment options. The initiative is framed as a modernization effort to improve government efficiency and reduce taxpayer burden. The order does *not* create a Central Bank Digital Currency.