One of the great advantages of getting a check every month from the United States Social Security Administration is that we can know in advance the day of payment. While this is true, it should also be noted that receiving it earlier or later does not depend on the Social Security Administration.
The payment method we choose to receive this federal benefit will cause us to receive a check sooner or later. And it doesn’t matter if we have an old-age, disability or survivor’s retirement. The important thing in these cases is to choose the best collection method available. During the month of May, the Social Security Administration will, as usual, pay the benefit to all retirees.
So if you want to know when you will cash your Social Security check, just check the calendar. Although it is commonly held that there are only three Social Security payments a month, remember that there are actually four. And to that must be added the Supplemental Security Income payment.
Complete Social Security Schedule for May
Social Security payment days in May 2023 will be as follows:
- May 1st. Supplemental Security Income payment day. This benefit is only for United States citizens who have low income and low monthly earnings. In addition to that, there are other requirements to receive this benefit, such as being over 65 or having a disability.
Beneficiaries prior to 1997
Only one group of retirees receives the benefit on this day. In order to receive this payment, the only important factor is the date of retirement.
- May 3rd. Retirees with a Social Security benefit prior to 1997 will receive their check on this day. Well, they may not all receive it immediately, but the Administration will send this federal payment on this day.
Post-1997 Social Security users
- May 10th. As of this day, beneficiaries with post-1997 retirement receive their benefit. This day is for Social Security retirees with birthdays between the 1st and 10th of the month.
- May 17th. Only beneficiaries with birthdays between the 11th and 20th of the month may receive payment on this day.
- May 24th. Retirees with birthdays between the 21st and 31st of the month will receive the SSA benefit on this day.
These are the days on which the money is sent, but this does not mean that retirees will receive their payment on the exact day. In order to collect Social Security immediately, it is necessary to activate a particular collection method.
How to collect the retirement payment immediately?
In order to receive any payment sent by the Social Security Administration immediately, it is mandatory to activate Direct Deposit. With this collection method, social welfare is much higher.
It is also possible to receive the check through a bank deposit, but this will take up to 3 days for the money to appear. If we want to have the money as soon as possible, we must activate Direct Deposit.
With this payment method activated, the day the money is paid will correspond to the day we will receive it. So now you know the day you can get your federal Social Security money and the fastest way to get it.