(NEXSTAR) — Fall is an important time of year for those who receive federal benefits, largely because Social Security's cost-of-living increases are typically announced in October. Before that, however, you may notice another change to your payments.

In late September, how benefits from Social Security and the Department of Veterans Affairs are paid out will change for some recipients in response to a March executive order signed by President Donald Trump.

The order calls for “payments to and from America’s bank account" to be modernized. To reduce the number of paper checks and money orders that are lost, stolen, returned undeliverable, or altered — something that is "16 times more likely" to happen than with electronically-disbursed funds, according to the order — benefits are set to b

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