Receiving money is always great news whether you are a Social Security recipient or not. Apart from the payment for retirement beneficiaries and SSDI recipients, Supplemental Security Income benefits are on the way too.
The first recipients to collect their monthly payments will be retirees and Social Security Disability Insurance recipients. After that, there will be an SSI direct deposit in late August.
Social Security will be due within hours
Bear in mind that the Administration has scheduled the last direct deposit in August on the 28th. Some SSDI and retirees will be eligible if they meet all the conditions.
Those who have already received their SSDI or retirement benefit payment in August will not qualify. Make sure you have already requested a direct deposit, which will be much faster and safer than a paper check.
To get money on August 28 you must have been born from the 21st to the 31, regardless of the month. What is more, you cannot be receiving SSI and you must have collected benefits after April 30, 1997.
Not eligible for Social Security on August 28?
Those citizens who are not eligible for the direct deposit the Social Security Administration has scheduled for August 28 may be eligible for the Supplemental Security Income benefit payment.
Supplemental Security Income is only for those citizens who have a low income. However, they must have applied and got approval. SSA needs to check that you also have a disability, are blind, or are at least 65 years old.
The SSI payment will be due on August 30 instead of September 1. As September 1 is Sunday, the direct deposit will be issued on the previous business day. SSI recipients can get a payment worth $695 on average and up to $943 for individuals. Social Security retirement benefits will be worth:
- $1,919 on average
- up to $4,873 if you filed at 70*
- up to $3,822 if you file at Full Retirement Age*
- up to $2,710 if you file at 62*
*worked for 35 years in jobs covered by SSA and earned the taxable maximum all those years