Beneficiaries in the United States who have an accepted Social Security benefit and meet certain requirements will be eligible to receive the new retirement check. This will be the first of the August 2023 payments. So if you are part of the first group, you will be able to enjoy the new check within days.
The Social Security Administration will send this check on the next 3rd day of August. To get this payment you only have to meet a specific requirement. So only retirees with a benefit prior to 1997 are the ones who will receive the new payment next week.
The rest of the retirees will receive the benefit in the following weeks depending on their birthday. Also, if we do not activate Direct Deposit the check could arrive a few days later. If our goal is to have the Social Security payment as soon as possible, it is best to activate this collection method.
After the payment on August 3rd, the rest of the retirees will be paid on one of the following days:
- August 9th. Retirees with Social Security after 1997 and with birthdays between the 1st and 10th of any month.
- August 16th. Beneficiaries with birthdays between the 11th and 20th will be paid on this day. It is also necessary to have a post-1997 benefit.
- August 23rd. Last payment of the month. This check is for post-1997 retirees. In addition, it is mandatory that the birthday be between the 21st and 31st of the month.
The method of payment chosen is independent of the day of payment. If you choose bank deposit, it will take about 3 days for the money to arrive. For this reason, Direct Deposit is the best option to get Social Security payments.