April 20 deadline for GI Bill beneficiaries to set account for benefits deposits

Veterans and their beneficiaries who receive GI Bill and other VA payments to multiple accounts have until April 20 to select one account to receive those payments.

As part of the Digital GI Bill modernization initiative, the Department of Veterans Affairs will no longer send benefits payments to more than one bank account.

“We’re making this change to help protect vets and families from fraud and to ensure that we’re able to pay veterans on time, every time, without error,” VA Secretary Denis McDonough said at a Feb. 26 press conference.

The shift is expected to impact about 50,000 of the 800,000 total GI Bill beneficiaries. Those affected are encouraged to select the account where they want to receive benefits at VA.gov/change-direct-deposit.