United States citizens with a Social Security retirement benefit, whether due to age, disability or other reasons, may soon get one of the new checks. This new check will only be for a specific group of citizens.
In the case of meeting two requirements you will have this payment of up to $4,873 in your checking account in just a few days. The next payment day will be May 22nd, but not all Americans get this monthly check. Mind you, the Social Security Administration has already sent thousands of checks to Americans, so it could be that it already has the check in your checking account.
Requirements for the next Social Security payment in May
For the month of May, the Social Security Administration has sent out checks on the 3rd, 8th, and 15th. Each of these payment days has been for a specific group of Americans. In this regard, the payment on the upcoming May 22nd will also be for a specific group of beneficiaries.
Americans who want to get the May 22nd payment will have to:
- Have applied for a retirement benefit, regardless of the type of benefit, as of May 1997.
- Be born between the 21st and 31st of any month.
Retirees who do not meet these two requirements will not be able to get the payment on May 22nd, 2024. However, if you are not in this group, the benefit may already be available in your checking account, since this day’s payment is the last payment for retirees for the entire month of May.
How to collect your Social Security check quickly?
When it comes to getting your Social Security payment in your checking account, there are two main methods. Nowadays there is no way to get a physical check, but it is mandatory to have a checking account to get it, so the whole process is usually faster.
But it should be noted that the retirement payment can arrive in two different ways to the current account. On the one hand, Direct Deposit. On the other hand, classic transfer to the current account. The payment through Direct Deposit arrives earlier, since it appears immediately.
If we do not have Direct Deposit activated, the money will take about 3 days to reach our current account. Even so, we will have the money available regardless of the collection method we have, so we don’t have to worry about anything.