The United StatesSocial Security Administration has a predetermined payment schedule. Depending on your date of birth you will receive your benefit payment earlier or later in the month. For that reason many people wonder if their payment is late in the month of August 2022. You may need to confirm the date of your payment before checking to see if it has been delayed. In any case, there are more things that influence your receipt of Social Security.
In addition to the date of birth, the Social Security collection system is also important. Thus, the system used can change the date of receipt of the money by up to 3 days. This problem is solved in a very easy way and without the need to pay anything, so you can try to start receiving your retirement money directly and without delays. Let’s take a closer look at these two possible reasons for delays.
Social Security day
To find out when you will receive your Social Security benefit, the first thing to consider is your date of birth. Knowing this will make it easier to know when you will get the payment pertaining to your retirement. There are three different groups that are distributed among the different days of the month.
People born between the 1st and 10th receive their benefit on the second Wednesday of the month. On the other hand, Americans born between the 11th and 20th normally receive Social Security on the third Wednesday of the month. Finally, the fourth Wednesday of the month is the day for people born between the 21st and 30th. In August, the exact schedule is as follows:
August 10: second Wednesday of the month.
August 17: third Wednesday of the month.
August 24: fourth Wednesday of the month.
Method of collecting the pension
The other important section that completely changes the receipt of the Social Security benefit is the method chosen. If you choose to receive the money through a bank account, it can take up to 3 days to arrive. Therefore, it will take some time for the money to become available. There is no exact date that determines how many days it takes, but we will always have that estimate.
In order to receive the money from Social Security immediately, there is the Direct Express card. Through this method you will have access to the retirement or disability benefit without having to wait. In addition, it is a card that can be used to make any type of payment and through the ATM machine you can get cash without any problems.