In the United States, although it is true that every month we can get a new Social Security check, the truth is that we can get a late payment if we don’t do things right. Having a retirement check is not enough to receive a payment in our checking account every month without delays.
There are several factors that can determine whether we get our retirement check sooner or later. And if it turns out that we get the check later than we should, we may have financial problems in the long run. For that reason, anything we can do we should do, as any help is always welcome in getting our Social Security retirement money as soon as possible.
Still, it is true that we are not only talking about getting the retirement payment sooner or later. We must also keep in mind that if we don’t do some actions right, the Social Security money could freeze indefinitely. Therefore, we must watch out if we want to get paid every month without problems, without delays and without the bank withholding the money.
What to do to avoid delays in Social Security?
There are several actions that we must always keep in mind if we do not want to get our Social Security money late. Similarly, as we have already discussed, we are not only faced with retirement money arriving late one month in a timely manner, but also with the money being held up indefinitely.
Therefore, it is important to know what can happen to our retirement benefit in case we have these problems. Here are the tips to follow:
- Know the payment schedule. This may seem very obvious, but it is really important. If we take into account that there are four payment days per month and that each retiree can only cash one of those checks, knowing the exact day of the money is really important. This is the only way we will know if Social Security has sent our benefit or not.
- Not having debts in the bank. In order to get the money without problems, we must not have debts in the bank. Having debts in the bank can cause the bank to hold our money indefinitely. The best plan is to arrange everything related to our debts in order to receive the monthly check without problems.
- Activate Direct Deposit. This collection method is the fastest of all. As soon as the Social Security Administration sends the money we will have it available. If not, the money will arrive up to 3 days later.
- Update our personal information. Both our bank and the Social Security Administration must have our personal information up to date. And this means that any move, divorce or wedding, for example, must be recorded by both organizations.
By following these tips you should have no problem getting your retirement payment each month without delays. However, in the event that the payment arrives late it is advisable to first contact the bank and once we talk to them with the Social Security Administration.