One of the great advantages of cashing a Social Security check in the United States is knowing on what day we will receive it. While it is true that the check can be delayed for reasons external to Social Security, we can know on what day the Administration sends it each month. Just by checking a little bit of personal information, we will be able to determine on which day we will receive our retirement check.
In addition to knowing on which day we will receive the benefit, it is also important to activate the fastest method of payment. With this combination, the check will arrive in our pocket in a very short time. Before you know it, you will be able to use your Social Security money to pay your bills or buy whatever you need.
Since knowing the Social Security calendar is extremely important, we are going to see what all the payments are for the month of May. Additionally we can also check what is the best way to cash your retirement check. There are two ways to do it and one of them is actually much faster than the other. And both ways of collecting are available to all Americans. When do you get your Social Security check?
May 2023 Social Security paycheck collection days
The average Social Security payment of $1,800 a month comes to different groups of retirees depending on the conditions. For example, the next of the retirement payments will arrive on the 10th day of May, but it is only for an exact number of retirees. Not all beneficiaries can receive this payment.
Pay attention to the days on which the Administration sends out the Social Security check:
- May 3rd. Pre-1997 retirees receive checks on this day. This payment has already been sent, so if you meet these conditions you may already have your retirement money.
- May 10th. Next Social Security payment. To receive this check you must meet two requirements. The first is to have applied for retirement after 1997. The second requirement is to have your birthday between the 1st and 10th of the month.
- May 17th. Penultimate payment of the month of May. On this day, retirees who were born between the 11th and 20th day of the month receive their check. It is also important to remember that it is mandatory to have applied for the benefit after 1997.
- May 24th. Last payment of Social Security benefits in May 2023. This check is for post-1997 retirees who have a birthday between the 21st and 31st of the month.
You are not required to be born in the month of May to receive this check. The month of birth is not required to determine the Social Security calendar.
Choosing the Right Retirement Cashing Method
There are two main collection methods for receiving any Social Security check. The first of these methods is slightly slower than the second. The final choice will depend on the individual beneficiary, so look at the options and choose the one that works best for you.
- Bank account deposit. By this method of payment the money could take up to 3 days to appear in our pocket. It is safe and efficient, but a bit slow.
- Direct Deposit. Social Security money appears immediately with this collection method. There is no faster way than Direct Deposit to receive it.
As you can see, the method of collection is critical to being able to organize your Social Security finances. If we choose the right collection method, we won’t have to worry about receiving our check late.