When the U.S. Social Security Administration sends the payment schedule to beneficiaries in the United States, they can know on which day they will receive checks each month. However, getting paid earlier or later does not depend on the Administration itself, but on other factors outside of the Administration.
The Social Security Administration can determine on what day it will send each check, but not on what day we will get it. Receiving it earlier or later will depend on the method of collection that each American receives. This is essential in order to have maximum control over our benefits and our money within the economy as retirees.
In case we do not want to get the money too late, we must activate a specific collection method. There are usually two collection methods available and one of them is actually faster than the other. Still, both methods are effective. What is certain is that the Social Security Administration will send the last check to a group of retirees today and it will not depend on the collection method.
Which check does Social Security send out last today?
Those Americans who have a pre-1997 benefit may get their Social Security retirement check today. If we do not have a benefit prior to this year, the payment will not arrive today, but in later weeks. What we do need to keep in mind is that the method of collection is critical in order to get the payment today.
February 2nd should not be the day on which the Administration sends the payment to pre-1997 retirees, but there is an irregularity in the calendar. If we take into account that the Administration does not send checks on holidays or weekends, it is normal for the payment on the 3rd day to be moved to the 2nd day, since the latter is a weekend.
For that reason, this month’s payments for this particular group arrive early. There is no doubt that this can be of some benefit to retirees who come in waiting all month to get the money for this benefit. And by activating Direct Deposit we can mark today on the calendar as the day of collection. If not, you will have to wait a little longer.
When will my retirement benefit arrive if I don’t activate Direct Deposit?
Activating Direct Deposit is key if you are looking to get your retirement or disability benefit as soon as possible. The Social Security Administration sends checks to pre-1997 retirees today, yes, but without this collection method the money will arrive later.
If we have not activated it, the payment will take about 3 days to arrive, but it could be longer. Everything will depend on our bank, so we should check our current account to make sure we have the money available.
In case we do not get the money on time we should claim the payment as soon as possible. First we should contact our bank to make sure there are no problems with it. If the bank cannot help us, then we should contact Social Security.