The moment a United States citizen starts enjoying a monthly Social Security check, his or her life changes completely. And we’re not just talking about the fact that he stops working and, therefore, has more free time during the day. We’re talking about knowing when you’ll be able to know when you’ll collect your retirement each month.
This means that Social Security beneficiaries know exactly, or at least can know, what day of the month their benefit check will be cashed. Thanks to the official payment schedule announced by the government every year, it is really easy to know the exact day. And this makes it much easier to organize household finances.
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Every pensioner can find out on which day he gets his check just by taking into account two requirements. In some cases, only one requirement is necessary to get the payment on a specific day. And best of all, those requirements are tied to each American’s personal information. So as it does not change we will always have to follow the same scheme.
Likewise, it is important to keep in mind that each month we will only be able to get one check from Social Security. Even so, if we have accepted the Supplemental Security Income benefit, we will also receive an extra payment, but it will be for a different benefit. Will you be able to get the new Social Security check that the Administration is sending out this week?
REQUIREMENTS FOR GETTING THE NEW SOCIAL SECURITY PAYMENT IN OCTOBER
In order to collect the October 18th Social Security check, you only need to meet two requirements. These two requirements are absolutely mandatory. Therefore, it is not possible to get the payment if we do not meet both requirements.
However, if you do not meet these two requirements but your retirement is accepted, you will have to wait. Sooner or later we will get our monthly check, so there is nothing to worry about.
The first of these requirements is to have a Social Security benefit accepted after 1997. This means that if we have the payment from before then it will be impossible to collect the payment on October 18th. But that is not the only requirement.
Besides that, it is also mandatory to have a birthday between the 11th and 20th of the month. And it does not matter the month in which we were born. The only important thing in this case is to have the birthday between those days. Retirees born in May get the payment for the rest of the year, as well as those born in September or November.
HOW DO I COLLECT MY RETIREMENT PAYMENT IMMEDIATELY?
In short, we can collect payment on October 18th if our Social Security benefit is after 1997 and our birthday is between the 11th and 20th of any month. There is no other mandatory requirement to get the payment on that day.
It makes a difference whether the payment is made on the same day or not. In order to receive the payment without delay and on the same day it is necessary to activate Direct Deposit. With this method of payment we will not have to wait even one day to have the money available.
In this way, this method is very convenient, since it will help us to organize our family economy in a much more efficient way. If we know the exact day on which we will get the retirement money, our organization will be much easier. Then taking this advantage is more important that we could think.