Social Security pays benefits in the month following the month for which they are due. For example, the January benefit is paid in February. Show
For most beneficiaries, the payment date depends on your birth date. If you are receiving payments on the record of a retired, disabled or deceased worker (for example, spousal or survivor benefits), that person's birthday sets the schedule. Here's how it works:
The Social Security Administration adopted this staggered schedule in June 1997. Prior to that, all benefit payments went out on the third day of the month, but that became unwieldy as the number of beneficiaries grew. Most people who started receiving benefits before May 1, 1997, are still paid on the third of the month. The third is also the monthly pay date for these groups of Social Security beneficiaries:
Social Security has an online calendar showing all the payment dates for 2022. Keep in mind
Actualizado 01/08/2022 - 03:19 CDT Social Security will send out new payments in August, but the dates when filers in the USA receive their checks will depend on what kind of benefit you're receiving and other factors. Given the importance of these deposits, since many of those who receive Social Security checks don't have much other income, it is important that people are aware of the date they receive the checks every month. According to reports, 99.2 percent of the beneficiaries receive the money through direct deposit, with the rest getting physical checks. What is the Supplemental Security Income payments schedule?Supplemental Security Income (SSI) is a program in the USA through which those with an income below specific financial limits receive monthly payments. SSI benefits are paid out on the first day of the month, except when that falls on the weekend or a public holiday. In those cases, the payments are made the Friday beforehand. What is the Social Security payments schedule?People who receive Social Security retirement, disability and survivors' benefits will see their money arrive on one of three Wednesdays in the month. As long as you began receiving benefits after May 1997, your date of birth will have an impact on when you receive your Social Security payments. For beneficiaries born between the 1st and 10th of the month, you will have your Social Security payments land on the second Wednesday of each month. For those who were born between the 11th and 20th of the month, you will get your payment on the third Wednesday of each month. Finally, beneficiaries born between the 21st and 31st of the month will receive their Social Security payments on the fourth Wednesday of each month. What date will Social Security checks deposited in August?Since the first day of August is a Monday, the SSI payments will be made on August 1 as normal. For this month, the first group receiving other Social Security benefits will receive their money on August 10, with the second getting the money seven days later, on August 17. Finally, beneficiaries from the third group will receive the payments on August 24. Social Security sends out the money through direct deposits, which means that you will receive them the same day that they are sent. For most banks in the USA, they are sent in the early morning, so most Americans will already see the money in their account when they wake up. To qualify for Supplemental Security Income benefits you must meet strict income and resource limitations because it is a need-based program. In fact, the purpose of the monthly payment that a person who is blind, disabled or elderly receives through SSI is to pay for food and shelter, which adds to the importance of knowing when to expect the payment to direct deposit into your bank account. When a disability advocate at London Disability handles your application for SSI and Social Security Disability Insurance benefits, care is taken to ensure the accuracy of the information submitted to Social Security to avoid unnecessary delays. Once your claim for benefits is approved, the disability advocate can help in the event payment is delayed for some reason. Direct deposit reduces the risk of payments being delayed or lost. Here is an explanation of what to expect when you are approved for SSI, including the process to set up direct deposit into a bank account. Electronic Payments Now Required By Federal LawThe option to receive monthly benefits by check has essentially been eliminated by changes to federal laws pertaining to payments made through benefit programs such as SSDI and SSI. As of Mar. 1, 2013, all newly approved SSI beneficiaries must choose an electronic payment method. Those approved for benefits prior to that date had to switch from payments by check to an electronic method for all future payments. There are currently only two available payment methods in use by the Social Security Administration. Social Security disability benefits through the SSI program may be direct deposited to your account at a bank. The other method is to have them electronically added to a Direct Express debit card, which is the debit card approved for use by the Social Security Administration. When Will Your SSI Payments Be Deposited?The general rule is for SSI benefits to be directly deposited to your bank or to a Direct Express card on the first of the month. The exception to the general rule occurs when the first day of the month falls on a weekend or federal holiday. Payment in that event will be processed on the weekday immediately prior to the weekend or holiday. Some people receiving SSI may also qualify for SSDI based on their work record and earnings. If you that situation applies to you, the SSDI payments may not arrive on the same day of the month as the SSI. A different processing procedure for SSDI results in beneficiaries receiving payment on the day of the month that corresponds with their birth date. For example, if you were born within the first 10 days of a month and only receive SSDI benefits, they will be directly deposited on the second Wednesday of every month. However, a different payment date applies if you receive both SSDI and SSI. Your SSDI payment will direct deposit on the third day of the month. How To Establish Direct Deposit Of Your SSI?Arranging for direct deposit of your Social Security disability payment through SSI is relatively easy. All you need to do is provide Social Security with information about your bank and the account when you fill out the application for SSD benefits. A disability advocate at London Disability can help you with this. If you do not have a deposit account at a bank, you may go to the website of the Federal Deposit Insurance Corporation for help finding an FDIC insured bank near you. The website also has information and videos to walk you through the process of establishing an account. A London Disability advocate will be glad to assist you. The following information is needed to arrange direct deposit of SSI payments and must be included when you apply for benefits: 1). Your Social Security number. 2). Bank routing number found on a check or by asking at the bank. 3). Account number of the checking or savings account. For individuals who do not have or want to open a deposit account, the Direct Express debit card is the only available option. Payments post to the debit card and are available for use on the same day of the month as your SSD payment would direct deposit to a bank account. Direct Express debit cards may be used for purchases and to obtain cash through an ATM or when making a purchase at a retail store offering a cash-back option at checkout. Social Security provides a publication containing information about electronic payment methods that you should review before making a decision about which method you wish to use. Learn More About Direct Deposit Of SSIA disability advocate at London Disability will be happy to review the electronic payment options with you and help you decide on the one that works best for you. Contact us today to arrange to speak to an advocate. |
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