Millions of United States citizens will be able to enjoy a new Social Security retirement benefit in just a few days. This new Social Security payment will reach only one group of retirees. That is, not all citizens can get this retirement check, but only one group of them will be able to enjoy the benefit.
So if you think you can get the payment you will just need to look at the list of requirements to find out. In case you are part of the group, you could get the money on the same day. But don’t worry if you are not part of this group. If you have an accepted retirement, you will get your payment in February as happens every month.
The Social Security Administration sends all benefits on four different days of the month. If you don’t have a check on the 14th day, you may get your payment in the next few weeks. Similarly, it is also possible to have gotten your check on the 2nd day of February, although it all depends on which group of retirees you belong to.
Which Americans get the February 14th payment of $4,873?
In order to get this payment on February 14th we must meet only two requirements. Actually, there is a third requirement related to the collection method. If we do not choose the fastest collection method, we will not be able to receive the benefit on the same day it is sent.
In other words, the Social Security Administration will send the payment on February 14th, but whether or not it will be available immediately depends on the collection method chosen. But the first thing is to know if we belong to this group. In order to be part of this group we have to meet two requirements:
- To have a benefit from May 1997 onwards. It does not matter if it is Social Security for retirement, disability or for any other reason.
- Have a birthday between the 1st and 10th of the month. The month of the birthday does not matter, only the day. The year in which we were born does not matter either.
After determining if we are part of the group that gets this payment we must know the fastest collection method. This collection method is none other than Direct Deposit. So if you activate Direct Deposit, the money will arrive immediately to your pocket.
If you do not have this collection method activated, the Social Security payment will appear a few days later in your checking account. It usually takes a maximum of three days, but depending on your bank, it may take a little longer.
More Social Security Payments in February 2024
Retirees can get the February 14th paycheck if they are in beneficiary group 2. But there are three other groups that get check in the month of February. If we are part of group 1 the payment should already be available in our checking account. To be part of this group we only need to have the benefit since before May 1997.
On the other hand, there are two payments after the February 14th check. Social Security will pay other checks on the 21st and 28th of the month. In this regard, there are other requirements for these payments. On the one hand, the February 21st check is for post-May 1997 retirees with birthdays between the 11th and 20th of the month.
The last of the payments will be for Social Security beneficiaries with a post-1997 benefit. It is also necessary to have a birthday between the 21st and 31st of the month in order to collect this February 28th, 2024 payment.