The United States Social Security Administration’s payment schedule follows a pattern every month of the year. Therefore, knowing on which days we will receive our Social Security retirement benefits is something we can do well in advance. This is perfect for organizing our family finances with peace of mind.
However, we must take into account that in order to collect the next cheque from the Social Security it is necessary to fulfill a requirement. In addition, if we want to cash it on the same day that the Social Security Administration sends it, another requirement must be fulfilled. So in order to cash the cheque on the next payday we have to meet 2 essential requirements.
The first requirement does not depend on us, so there is little we can do if we do not meet it. The other requirement does depend on our own decision, so we can fulfill it without any problem. Will you cash the next Social Security cheque?
Who gets the next Social Security check?
Full Retirement Age retirees may receive the next Social Security cheque, but they are not the only ones. In addition to them, any other retiree who already has an accepted benefit could receive it. Here are the two requirements to collect the cheque on the next payday.
- Have a birthday between the 1st and 10th of the month.
- Activate Direct Deposit as a Social Security payment method.
With these two conditions, we will have no problem getting our next pension check. Birthdays are not directly up to us. However, we can enable Direct Deposit ourselves to clear checks instantly.
If we do not have this collection method activated, there is nothing to worry about. The Social Security Administration will still pay us the cheque, although we will have to wait up to 3 days to receive it. There are occasions in which the cheque arrives before those 3 days have passed, but it is usual for that time to pass on average.
Therefore, on February 8th we will be able to enjoy the cheque if we fulfill these two requirements. On the contrary, if our birthday is on other different days, we will receive the cheque on the 15th or 22nd of February.