Sep 26 ,2025

Trump's EO 14247: Ending Paper Checks by September 30, 2025

In an era where technology continues to redefine the way we do business, the U.S. Government has made a bold move to streamline payment processes. Executive Order 14247, titled “Modernizing Payments to and from America’s Bank Account”, aims to eliminate paper-based payments by requiring all federal payments to be made electronically by September 30, 2025. This transformation comes as a response to the growing inefficiencies and risks associated with traditional paper checks.

Why the shift to Electronic Payments?

The shift toward electronic payments is more than just a modernization effort. It’s an initiative to reduce the risks and costs associated with paper-based methods. Here's why this decision is vital:
1) Paper Checks Are 16x More Likely to Be Lost, Stolen, or Altered
According to studies, paper checks are significantly more vulnerable to errors, fraud, and theft compared to their electronic counterparts. The likelihood of paper checks being lost or altered is 16 times higher, which creates serious security risks and inefficiencies.
2) Mailing Delays and Theft Complaints Surge
Since the pandemic, postal systems worldwide have struggled to maintain their usual speed and security. The increase in mailing delays and theft complaints has made paper checks an unreliable form of payment. With government payments often lost or delayed, the transition to electronic payments becomes a critical necessity.
3) High Cost of Paper Check Processing
The U.S. Treasury estimates that processing paper checks cost taxpayers approximately $657 million in FY 2024. This includes the maintenance of outdated lockbox systems that were once deemed essential. These resources could be better allocated to more efficient solutions that ensure timely and secure payments.
4) Electronic Payments Eliminate Delays, Fraud Risk, and Inefficiency
The switch to electronic payments not only streamlines the payment process but also ensures greater accuracy and security. By eliminating the inherent risks of paper checks, electronic systems reduce fraud, processing delays, and the need for physical storage. This makes transactions faster, more secure, and cost-effective.

The Future of Paper Payments: 2025 Deadline

Soon, paper checks will be a thing of the past. The shift to electronic payments will be fully implemented, and all government transactions will be conducted through secure digital methods. This change is a response to increasing pressure for more efficient, secure, and sustainable payment systems.
For businesses and individuals who rely on tax payments, such as those filing Form 720 for excise taxes, this shift has immediate implications. With Simple720, tax filers can seamlessly comply with the new guidelines while ensuring their payments are submitted promptly and securely.

Why Simple720 Is Your Federal Excise Tax Partner?

It’s crucial to adopt solutions that already align with the government’s electronic payment requirements. As an IRS-authorized 720 online portal, Simple720 ensures that your excise tax filings and payments meet the necessary federal standards. By transitioning to Simple720, businesses and individuals will already be ahead of the curve, ensuring that they won’t face penalties or delays as paper payments are phased out.

Conclusion: A Step Toward Efficiency and Security
Executive Order 14247 is not just about eliminating paper checks; it’s about embracing a more secure, efficient, and modern payment system. With the shift to electronic payments set for 2025, adopting platforms like Simple720 ensures that you stay compliant and prepared for the future. The transition to digital payments is long overdue, and now is the time to make the switch for a smoother and more secure filing process. Stay ahead of the curve and embrace a future free from the risks and inefficiencies of paper payments.

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