The Social Security Administration has already announced the list of United States citizens who will be able to get the new retirement payment. The day of this payment will be next November 3rd and only the beneficiaries who are within this list will be able to get the benefit. It is not possible to get this check without meeting all the requirements, so we must check well the eligibility list.
But we should not worry if we do not belong to this group of retirees. The Social Security Administration will send a total of 5 different checks during the month of November. A retiree will be able to cash at least 1 of these checks. Some of the beneficiaries may get 2 checks if they meet certain other requirements.
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Assuming we are able to get only one of the checks, the payment could reach us on November 3rd or on one of the following Wednesdays. To avoid financial problems at home it is best to check all the requirements for each of the checks. This will allow us to mark on the calendar the day on which the Administration will send our check.
Even so, we must watch out for the day of the cashing. It is not the same to say that the Social Security Administration sends the payment as it is to say that we get it. They are two totally different things and it depends on the collection method we choose. If we choose the most effective collection method, the money will arrive instantly. But if we don’t do this, the money could take up to 3 days.
WHO CAN COLLECT SOCIAL SECURITY ON NOVEMBER 3RD?
There is only one requirement to get the payment on November 3rd. That requirement is to have a Social Security benefit prior to 1997. There is no extra requirement for the Administration to send our benefit on this day, but there is another requirement for us to collect it on the exact same day.
New payment
In November, it is essential for retirees to know how to receive their Social Security payments on time. If you have Direct Deposit activated and a pre-1997 check, you will be able to receive your payment on November 3. Without this method activated, your money could arrive up to 3 days later, i.e., November 6 or 7, due to the fact that November 3 falls on a Friday, followed by a weekend.
It is crucial to activate Direct Deposit to avoid long waits. Activate it as soon as possible if you want to receive your check on time each month.
Other retirees, those born after 1997, will receive their benefits on November 8, 15 or 22, depending on their date of birth. The truth is that all U.S. retirees will receive a Social Security check in November, no matter what type of retirement they have. Be sure to stay on top of these details so your payments are always on time.