In the USA, a cool thing about getting Social Security benefits is knowing when your money’s coming every month. Even though we might not get the check the exact day it’s sent out, we know the day the Social Security office mails it.
Getting the check on the announced day can depend on a few things. But one sure thing is that knowing the payment day makes budgeting at home a lot easier. It’s a different story if our check is large enough or if we need extra money from somewhere else.
Even if we get another check this month, some of us might get a new Social Security benefit next week. This new benefit is just for certain people who are eligible. If we get a retirement check, we’ll receive this payment in October, whether or not we get the next regular check.
To get this new benefit, you have to meet some specific rules. Once you do, the Social Security office will send you the check. Whether it comes on the expected day can depend on how you chose to receive your money.
WHO CAN GET THE NEW SOCIAL SECURITY CHECK?
Americans who are on the eligibility list will be able to enjoy this new check of up to 4,555 dollars in the case of having the maximum benefit. This will be next Wednesday, October 11th. With only two requirements we will be able to enjoy this new payment.
In order to cash the check we must comply with the following:
- Have an accepted Social Security benefit since after 1997.
- Have a birthday between the 1st and 10th of any month.
It is important to note that the month of the birthday is not important, as well as the year of birth. What is important is to have applied for the Social Security benefit after the year mentioned above and to have your birthday between the 1st and 10th of any month, whether it is January, August or December.
If you have activated Direct Deposit, the payment will arrive immediately in your pocket. This method of payment is the faster of the two current methods. The other method is by bank deposit, which can take about 3 days. To ensure the immediate cashing of the check we must activate Direct Deposit and we will not have delays in payments.