The United States Social Security Administration sends out Social Security benefit payments on a monthly basis. If you are waiting to receive your payment, you should know that the date to receive it will arrive soon. If you do not receive it on the exact date, you know that you must wait a few days for it to appear in your bank account. The Social Security always announces the exact dates so that you know when you will receive your retirement benefit.
In addition to this, you should keep in mind that you can receive your Social Security benefit in several different ways. Each of these ways may be faster or slower, but all of them are really effective. The SSA doesn’t care whether you prefer to use a bank account or the Direct Express card, so choose the method that is most convenient for you.
Social Security Schedule in July 2022
The outline of the Social Security schedule is pretty much the same every month. The structure below is the same so you can easily know when you will receive your money in July. The first payment is made on the second Wednesday of the month. This time, the second Wednesday of the month is July 13. On this day, people born between the 1st and the 10th of the month will receive an allowance.
However, on the third Wednesday of the month, people born between the 11th and 20th of the month will receive an allowance. On this occasion, the exact date is July 20. In addition, the fourth Wednesday of the month is the day for people born between 21 and 31 years of age. More specifically, the fourth Wednesday of the month of July is the 27th. These are Social Security payday days.
Which method is best for collecting the SSA benefit?
There are two main methods for collecting the Social Security benefit, as we have previously discussed. Both of these methods are totally valid, but one of them is much faster. It does not matter, therefore, which method you choose, as you will receive your money every month. The only main difference is the speed.
Here are the methods for collecting your SSA benefit payment:
- Bank account: this is a very reliable method, although it can take up to 3 days from the time the SSA sends the money. This means you may have to wait until the following week to receive your payment.
- Direct Express: this card does not require a bank account. It is a prepaid card where the Social Security Administration directly and quickly pays your benefit. You can use the Direct Express card to pay your bills, your rent and any other expenses you have. It is the same as a normal card, but you do not need an associated bank account.