Any Social Security beneficiary can find out in the United States the day he or she will cash his or her retirement check. One of the greatest advantages of starting to receive the monthly retirement benefit is that we can know the schedule in advance. Thanks to this, millions of Americans can anticipate expenses and organize their finances more effectively.
A new Social Security check will be arriving in American households very soon. The pockets of retirement beneficiaries will receive a monthly check in the amount previously established. And that money will arrive equally for retirees who retire because of disability, age or any other reason.
However, not all Americans who have an accepted benefit will enjoy this new check. To get the new benefit, one main requirement must be met. In addition to that requirement, there is another mandatory one in order to enjoy this Social Security. To that we must add a third requirement that is not mandatory, but it is recommended to obtain the payment as soon as possible.
Requirement for the new Social Security payment for retirees of 65 years of age
When determining on which day of the month we will receive our Social Security check, we must look at several requirements. The next of the payments, which will be the last one in May, will arrive on the 24th of this month to millions of retirees. And this payment has several conditions that we must meet.
These are the conditions to be part of the group of retirees who receive the last check for the month of May:
Having retirement since after 1997
Any beneficiary who applied for retirement before 1997 will not be able to receive this check. And it does not matter if the retirement is due to age, disability or any other reason. What is important in these cases is the year of retirement. Pre-1997 retirees always receive the first Social Security check of the month. For this reason, the last one of the month cannot be for them.
But this is not the only requirement, as post-1997 retirees are divided into three different groups. So in addition to having applied for retirement after that year it is necessary to meet another different condition.
Having your birthday in the last days of the month
The second fundamental requirement to have Social Security’s May 24th check is to have been born between the 21st and 31st of the month. And it is not necessary to be born in May; any month is valid.
Retirees born in May will receive checks for May, July, January and any other month. The only important thing in this case is the day of the birthday. Therefore, with these two requirements we already know which group can collect the last payment for the month of May 2023.
Direct Deposit to get Social Security immediately
This third requirement is not mandatory, but it is recommended. If we want to get our Social Security check immediately, we must activate Direct Deposit. With this payment method, the check always arrives automatically. Both disability and retirement checks.
In addition to retirement payments, Supplemental Security Income payments also arrive immediately. Activating Direct Deposit is definitely a good option if you want to get the money as soon as possible.
The other option is to receive the money through a bank deposit. The problem with this is that it may take up to 3 days for the pensioner’s pension to appear in our bank, so it may not be convenient at all.