Planning for the month’s budget is important in a United States household, and Social Security plays a key role in this economy. Although it is not advisable to live on just a Social Security check as a source of income, millions of families do so. As a result, we find that many Americans are surviving without extra money.
That’s why it’s so important for retirees to know when the Social Security Administration sends out payments. And not only that, but also what are the most common reasons for late payments. By knowing this, retirees can avoid having their pension payment arrive late in their pocket. It’s the most effective way to keep your accounts on track without delays or problems.
So a monthly Social Security check can be a big help, but you also need to know the day you will receive it. Having all of this under control can make life a lot easier. So if you want to receive your next check for up to $4,558 without any delays, make sure you don’t make the main mistake so you can get your check on time.
Why Social Security may be late
There are two ways to collect Social Security benefits. The first is through deposit to a bank account. On the other hand, we have Direct Deposit. We can choose either method, but one of them could delay our check for the next month.
Having Direct Deposit activated means receiving your Social Security check immediately. Therefore, collecting the retirement benefit through Direct Deposit will mean that it can take up to 3 days for our Social Security check to reach our pocket.
So we can conclude that choosing the bank account method could delay the payment of our Social Security check every month. Undoubtedly, choosing Direct Deposit makes our check arrive much sooner and without any delays.
March 2023 Retirement Pension Payments
In the month of March, the Administration will send out retirement checks on the second, third and fourth Wednesday of the month. This is the common schedule, so there are no surprises in this regard. In order to receive a check on the same day that the Social Security Administration sends it, we must activate Direct Deposit, as previously mentioned.
These are the specific days for retirement payments in March:
- March 8th. Pensioners born between the 1st and 10th.
- March 15th. Pensioners with birthdays between the 11th and 20th .
- March 22nd. All retirees born between the 21st and 31st.
As for the day of birth, it is important to remember that the month does not matter, only the day. Therefore, a retiree born in May can collect benefits for March, April and October, in addition to the rest of the months.