Sixty-three-year-old retirees in the United States are in for a treat. In just a few days they could receive a new Social Security check in their bank accounts. Whether or not they receive it will depend on meeting a single requirement. The rest of the retirees who do not meet this requirement will not receive the Social Security check this week, but will receive it in the following weeks. In this way, it is possible to keep track of the days on which retirees receive their paychecks.
This makes financial organization in the household much easier. When a retiree knows the days on which he/she will be paid, he/she will not need any extra information at any time to be able to organize him/herself financially. This is a great advantage since no senior loses the opportunity to receive his or her check on time.
The next of the checks that the Social Security Administration will send to age and disability retirees is on February 8th. On this day, 63-year-old seniors who have an accepted retirement will be able to enjoy the check if they meet only one requirement.
This requirement is related to the birthday. If the retiree’s birthday is between the 1st and 10sth of the month, the 8th day of February is the payment day. On the other hand, if the retiree’s birthday is on a different day, the payments will be on a different Wednesday. Regardless of the birthday day, each senior will collect the check in February but will collect it later or earlier depending on the day of the birthday.
When will I collect Social Security in February?
Then, the first of the Social Security payments in February were on the 8th of the month. This was the first of the 2023 age or disability retirement payments. Previously, SSA sent the Supplemental Security Income payment to users with this accepted benefit. This first payment of the year was for pensioners born between the 1st and 10th of the month, but this one is not the only payment.
Pensioners born between the 11th and 20th of this month have already received the 15th Social Security payment. Finally, retirees with birthdays between the 21st and 31st of the month will be able to receive their benefit on the 22th of February.
Whether or not you receive your Social Security check on the day you receive it depends on the collection method you have active. On the one hand, we have Direct Deposit. On the other hand, there is also the possibility of collecting Social Security through the bank account. The first of these methods is immediate while with the second the money can take up to 3 days to reach the pensioner.
Therefore, retirees who belong to the first group are the next to collect their Social Security cheque. So if you were born between the 1st and 10th of any month, your Social Security retirement benefit cheque will arrive just in days if you have Direct Deposit activated.
Can I receive the check the same day Social Security sends it?
The short answer is yes. The long answer is yes, but only if you meet a fundamental requirement. In order to cash the cheque the same day Social Security sends the money, you need to have Direct Deposit activated. With this cashing method, any Social Security benefit will reach your pocket immediately.
This is a great advantage over the other method of payment, bank deposit. The speed is very high with Direct Deposit, so if you want to get the cheque the same day the SSA sends it, just activate it. On the other hand, it can take up to 3 days for the money to appear in the bank account, so you just have to wait a little bit with the other method.
Who can apply for Social Security?
Social Security benefits in the United States are available to citizens and foreigners with legal permission to work in the country. To qualify, you must have worked and paid Social Security taxes for a certain period of time. Benefits include pensions for retirees, assistance to disabled persons, and survivors’ benefits for family members of deceased workers. Benefits are also available to those who have been displaced due to economic and natural disasters.
What is the minimum requirement to apply for Social Security?
In order to start collecting a Social Security retirement check, it is necessary to meet two minimum requirements.
You must have worked for at least 10 years. It is not necessary that these 10 years be consecutive. But it is mandatory to reach 40 work credits, which is ten years in total.
Be 62 years of age. This applies to those retired due to age. In the case of disability retirement, the requirement changes a little and is different from one user to another.
Fulfilling these two details will allow us to apply for the Social Security retirement benefit. In any case, we must keep in mind that if we meet these two requirements, our benefit will not be very large.