COLA 2024 to arrive before 2023 ending – Which Social Security users will benefit from it?

Getting each of the Social Security checks on the day of mailing requires certain steps to follow. The United States Administration that sends these checks may have a payment schedule, but sometimes that schedule can change a bit.

However, what is certain is that the collection method we choose changes a lot of the rules when it comes to receiving checks. If we want to collect the payment as soon as possible we should always activate the fastest collection method.

Although it is not mandatory to choose this faster cashing method, it is advisable. The final decision on how to get each Social Security check is up to the individual, but it is indisputable that there is one way that is faster than the other.

And it is thanks to this faster way that we can get the first of the 2024 Social Security checks in 2023. This advance payment will arrive as early as tomorrow if we have activated this collection method.

The payment is none other than Supplemental Security Income, but it has requirements to get it in addition to the collection method. So you should pay attention to mark the date on the calendar to determine if you will get the payment soon or not.

HOW TO GET YOUR SOCIAL SECURITY IN ADVANCE WITH THE COLA 2024?

In order to receive this payment in advance, we have to meet certain requirements. These requirements are mandatory and there is no way to receive the payment on December 29th without meeting them. So we must control the situation very well if we want to avoid delays in payments of this style.

These are the requirements to be able to cash these checks:

1. Have Supplemental Security Income accepted in advance. We must have confirmation that our check is fully accepted. If payment is in process we will not be able to cash the next check.
2. Activate Direct Deposit as a collection method. This method is the fastest of all and makes it much easier to receive the check, since it is totally instantaneous.
3. Not having any debt with the bank. If we have debts with the bank, it is possible that the bank will withhold Social Security payments.
4. Have our information up to date. Any outdated personal information can be a negative for getting Supplemental Security Income checks and other benefits on time.

By meeting these requirements, we may be able to collect up to $943 on the next December 29th. This payment belongs to the 2024 calendar, for that reason the maximum limit of this Social Security check reaches 3.2% more than the check received so far in 2023.