Benefit payments in the United States always follow a schedule that the Social Security Administration announces to keep all payments organized. This makes life much easier for retirees in the sense that they can know when they will receive their money. And it doesn’t matter if the benefit is for disability or retirement age, as this subsidy is for everyone equally. Thus, if you are waiting to collect this October’s benefit, it is possible that on the 26th, the fourth Wednesday of the month, you will have the money in your account. Especially if you meet the only requirement to get it on this day. Otherwise, you should have already collected the money in the previous weeks, since the payments are made on the second, third and fourth Wednesday of the month.
The Social Security Administration sends the money on the second Wednesday of the month to people born between the 1st and 10th. On the other hand, people who have their birthday between the 11th and 20th of the month receive their subsidy in the third week of the month. Also, on the fourth Wednesday of the month, Social Security sends benefits to people born between the 21st and 31st. This last payment of the month is next, as it is made in October on the 26th. Therefore, next Wednesday is the payment day for people born between the 21st and 31st of the month.
In this sense, as we commented before, it does not matter if your benefit is for retirement age or disability. In this case, the only important thing is that you meet the birthday requirement. With this in mind, you will be able to know perfectly what day of the month you will receive your pension. Thanks to this, retirees can organize their financial economy to better combat inflation and other household problems.
How do I receive my Social Security on time?
There are several ways to receive your Social Security benefit. On the one hand, you have the option of receiving the subsidy in your regular bank account. On the other hand, you have the option of activating Direct Deposit. Direct Deposit allows you to receive your money automatically.
As soon as the Social Security Administration sends you the money, you will have it available to spend. Not only that, but you don’t need an associated bank account. You only need to have a Direct Deposit card. With this card you can pay for everything just like a regular debit card, but with the advantage of having your Social Security money immediately available to spend.