In the next week thousands of United States citizens will be able to enjoy a new Social Security benefit. This check will not reach all Americans, but only one of the groups. In order to receive this benefit, certain requirements must be met.
The method of payment is also important in order to determine the exact day on which we will get the Social Security benefit. However, some Americans are unaware that this step is critical, so it is important to mention it.
The difference between one collection method and another can be as much as 3 days. This may not seem like a long time, but if we take into account that sometimes there is a weekend, when banks do not work the same way, the waiting time can be longer.
So choosing the fastest collection method is perfect if what we are looking for is to have the Social Security benefit as soon as possible. Add to this knowing the payment schedule, and your family’s finances can be just right.
WHO GETS THE NEW SOCIAL SECURITY CHECK?
Seniors with a post-1997 benefit may get this new check. The payment will be for part of the group with a check after this year. Retirees with a pre-1997 Social Security check were able to get their payment last September 1st.
The rest of the retirees, those after that year, will be able to get their payment on September 13th, 20th and 27th. The next payment will be made on September 13th and, in addition to having the benefit after 1997, another requirement must be met.
The second requirement is to have a birthday between the 1st and 10th of the month. Therefore, both requirements cannot change from one month to another, so it is important to know the calendar because this way we will be able to know on which day we will get our Social Security every month.
WHAT IS THE FASTEST WAY TO GET THE PENSION MONEY?
As we have already mentioned a little earlier, the collection method is fundamental to get the pensioner’s pension on time. In this case, Direct Deposit is the fastest of the current methods.
In the old days we could get the Social Security money through a physical check, but that is no longer possible. Now we can only get the pensioner’s money in the bank account or through Direct Deposit.
Both methods are effective and secure, but Direct Deposit is much faster. Thanks to Direct Deposit the money appears immediately in our bank account. Thanks to this method of payment, we won’t have to wait a single minute to get our Social Security benefit money.