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Departmental Offices

Department of the Treasury seal

Department of the Treasury

Mission

The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. As a component of the Treasury Department, the Bureau of the Fiscal Service (BFS) promotes the financial integrity and operational efficiency of the Federal government through accounting, financing, collection, payments and shared services. BFS distributes funds to millions of Americans, ensuring their timely receipt of benefit payments, including those from the Social Security Administration, the Department of Veterans Affairs, and federal income tax refund payments. BFS distributes the vast majority of payments through electronic funds transfers.

Designated Services

Accessing Federal benefit payments electronically

Website

The Direct ExpressĀ® program issues Federal benefits through a reloadable debit card so that recipients can access funds, providing a secure, efficient electronic payment system for the 5.1 million cardholders, many of which are held by the unbanked. Ensuring swift, secure, and reliable receipt of monthly benefits without physical checks, this program eliminates non-receipt claims and costly check-cashing fees. With a satisfaction rating consistently above 92%, it offers a safer and more convenient alternative, protecting against fraud, loss, and errors while enabling online transactions and cash withdrawals.

Action Plans

2023 Action Plan

2022 Action Plan commitments are detailed in Executive Order 14058