The collection method is critical if we want to receive our Social Security check on time every month. United States retirees have two main options to choose from and one of them is much faster than the other. While it is true that with the slow method we will also receive the money, it is also true that it will take longer to have it in our pocket.
In order to be able to make a good organization in the household economy it is necessary to know on which day we will have the Social Security. And the most effective way to know perfectly when we will receive the check is by activating this collection method. Undoubtedly, it is a great advantage with respect to the other collection method. Even if we have a huge check, we can have financial problems if we do not know on which day we will receive the benefit.
That is why it is so important to organize each of the months in which we receive the benefit. If we are watching out for our finances, we must activate the fastest method of payment. And the best of all is that it is not only useful for retirement payments. Any other payments sent by the Social Security Administration will arrive much sooner thanks to this method of receiving benefits. Which payment method do you have activated?
Get Social Security faster
The most efficient method for getting both Social Security retirement and Supplemental Security Income payments is Direct Deposit. Not only that, but other federal payments can arrive much sooner through this type of collection.
IRS Tax Refunds, for example, arrive instantly as soon as the Internal Revenue Service accepts them. So there is no excuse to activate Direct Deposit and start receiving our money as quickly as possible and without waiting.
Even so, remember that the other collection method to receive the Social Security checks is through the classic deposit into a bank account. This classic deposit can take up to 3 days. If you do not want to activate Direct Deposit, you can receive payments this way without any problems. But you should be aware that they will always arrive later.
When does the next retirement check arrive?
The next of the retirement checks that the Social Security Administration will send out is the July 3rd check. This payment is only for a specific group of citizens. In order to receive this check, you must have applied for retirement before 1997.
The rest of the retirees will receive their benefits on July 12, 19 and 26. The exact day will depend on the date of birth. So if your retirement is after 1997 the check will reach your pocket on one of these days.
And remember that by activating Direct Deposit you will be able to enjoy your Social Security money instantly. So you won’t have to wait a moment to receive these benefits.