The Social Security Administration‘s payment schedule is a great help to United States retirees in organizing their household finances. Knowing on what day they receive their check makes everything easier for the beneficiaries.
Regardless of the type of benefit we have, we can know in advance on what day we will receive it. Likewise, we can also know when we will receive our money regardless of which group of retirees we belong to.
There are a total of four different groups of retirees because the Social Security Administration sends out checks on four different days. Each of these days is for a specific group of retirees.
If we know which group we belong to we will know on which day we will get the money. If we add to this the use of Direct Deposit, everything improves a lot, since we will be able to know the day of the cashing with total accuracy.
On the other hand, if Direct Deposit is not activated, it is very likely that we will have to wait a few days to receive the money.
Regardless of this, retirees who are not in the next group will not receive their benefit on the 12th day of July. In this sense, in order to collect the check it is mandatory to have the benefit prior to 1997 and to have been born between the 1st and 10th of the month.
Retirees who are outside this group will not receive the next Social Security check. Although it is also true that they will receive it in the coming weeks or even received it already on the 3rd day of July.