People with disabilities residing in the United States may be eligible for a Social Security benefit. This benefit depends on many factors, such as how long the disability lasts, if it is not permanent, or the age of the beneficiary. Regardless of the reasons a person receives a Social Security disability benefit, the ways to receive the money are the same.
There are primarily two ways to receive Social Security money. Each of these ways has both advantages and disadvantages, so the final decision is an individual one. There is no one best way to receive the money, as each person has his or her own references. Let’s take a look at these two different ways so that you can then decide which way you feel is the best way to collect your Social Security disability pension.
Collecting Social Security Disability in your bank account
The first of these ways to collect your Social Security disability pension is through your bank account. As a method it may be easier for most people, since nowadays almost everyone has a bank account. Therefore, we can say that the positive part is that everyone has access to it.
As for the negative part of this method we find the waiting time. If you decide to choose the bank account as the method of payment of the disability pension you may have to wait up to 3 days before receiving it. This is not always the case, but the Social Security Administration sends the payment on the second, third or fourth Wednesday of the month. The time it takes to reach your bank account is not your responsibility.
SSDI Direct Deposit
The other method of collecting Social Security is Direct Deposit. The downside of this new method is that it is too modern for many people. It does not require a related bank, which makes it easier and has fewer fees to pay. But not everyone trusts such methods.
On the positive side of collecting the Social Security disability pension is the immediacy. The same day that the Administration sends the money you can have it available. This means that we don’t have to wait a single day. In addition, we can use the Direct Express card to pay bills, housing and anything else we want, just as if we had a bank account.