One of the things that is certain about Social Security is that it always sends money in a timely manner. This makes it so that people in the United States who have a pension can receive the money every month. There are no delays related to payments from the Social Security Administration, at least not through any fault of the organization. These delays are always related to factors outside the Administration. There are ways to fix these problems or at least avoid them. To do so, it is a good idea to know the two main payment methods that the Social Security Administration accepts.
Just as it is a good idea to know the main payment methods that Social Security accepts, knowing the schedule is also important. By knowing the days on which the SSA pays the money we will be able to know if there are any delays or problems with our pension. In this sense, it is usual for the payments to reach our wallets on time, but sometimes there are exceptions. Within the payment methods, one of them has a clear advantage over the other, because thanks to this method you can directly receive the payment.
As far as the calendar is concerned, the Social Security sends payments on the second, third and fourth Wednesday of the month. This is the same for every month. Retirees with birthdays between the 1st and 10th receive payment first. The second of the groups to receive the money is retirees born between the 11th and 20th. Finally, retirees with birthdays between the 21st and 31st of the month receive their benefit on the fourth Wednesday.
How can I receive Social Security?
Now that you can check the calendar to see what day you will receive your Social Security money there is something else to keep in mind. When we talk about payment methods we have to keep in mind that there are two main methods. These methods are bank deposit and Direct Deposit. One of them is faster than the other, but the final decision is up to each retiree.
- Bank account. This method is efficient, but slower. It can take up to 3 days for the money to get your bank account. Anyway it is a safe method.
- Direct Deposit. As we have mentioned, this is the fastest way. With Direct Deposit retirees can receive their payment immediately. It can be used like a regular debit card and you don’t need to have a bank account to use it.
It doesn’t matter which method you prefer. If you have problems receiving your Social Security, you should contact the SSA immediately. Update your information through My Social Security so that there are no problems with your payments.