Social security supports millions of Americans who are retired, disabled or are the spouse or child of a worker who’s died. More than a sixth of people in the US rely on social security payments to support them.
Social security pays out on set days each month, and when you get yours will depend on a couple of factors.
Here’s what you need to know:
SSI payment schedule
Every year, Social Security releases a calendar of social security payment dates for the months ahead. Generally, anyone receiving social security will get their payment on the same Wednesday of the month –the second, third or fourth Wednesday, depending on what day of the month you were born.
If your birthday falls between the 1st and 10th, your social security check will land on the second Wednesday of the month. If you were born any date from the 11th to the 20th, you’ll get your check on the third Wednesday of every month. And if your birthday’s between the 21st and 31st, your payment will arrive on the fourth Wednesday of the month.
If you started getting Social Security benefits before May 1997, or if you get Social Security and SSI, your Social Security is paid on the third day of every month.
If you were born between the 1st and the 10th of the month, your 2021 social security payment dates are:
- January 13
- February 10
- March 10
- April 14
- May 12
- June 9
- July 14,
- August 11
- September 8
- October 13
- November 10
- December 8
If you were born between the 11th and the 20th of the month, your 2021 social security payment dates are:
- January 20
- February 17
- March 17
- April 21
- May 17
- June 16
- July 21
- August 18
- September 15
- October 20
- November 17
- December 15
If you were born between the 21st and the 31st of the month, your 2021 social security payment dates are:
- January 27
- February 24
- March 24
- April 28
- May 24
- June 23
- July 28
- August 25
- September 22
- October 27
- November 24
- December 22
If you don’t receive your payment on the date you’re expecting it, you should give it a few extra days before contacting Social Security.
How much is the average social security payment?
The average social security monthly benefit was $1,503 per month in January 2020, with the maximum monthly pay-out hitting $3,011 for someone retiring this year after a 35-year career receiving $137,000+.
Will Social Security recipients get a stimulus check?
Anyone collecting social security benefits for retirement, disability or Supplemental Security Income (SSI) were eligible for stimulus payments – a support package launched by the Government to address the effects of Coronavirus. Anyone who qualified received a one-time payment of up to $1,200.
What time does a social security direct deposit occur?
Your payment should land at midnight on the night before your payment date. If your payment is due on Wednesday 11th and you check at midnight on Tuesday 10th, your payment should have arrived.
When will I receive my social security check this month?
The date your social security check arrives depends on your birthday. People with birthdays between the 1st and the 10th will get theirs on the second Wednesday, 11th to the 20th will get it on the third Wednesday and if you’re born between the 21st and the 31st, it’ll arrive on the fourth Wednesday.
Cashing a social security check
There are a few ways to cash your social security check. If you have a checking account, you can arrange for the check to be paid directly into your account each month.
If you receive your check in the mail, you could take it to your local bank, if you have an account. Or you could use a third-party service like Money Services within the Kroger Family of Stores.
All you’ll need is your check, some form of ID. If the check is for more than one person, you’ll need all the named recipients to be present when you cash your check.
You can also arrange for your social security check to be direct deposited onto a prepaid credit card, which you can load continue to reload with funds after. A great way to limit your spending and stick to a budget, you can reload your prepaid credit card at Money Services and then use it to shop anywhere you can use a standard bank card. Find out how to use a reloadable prepaid card.
Knowing when your social security check is due to arrive is important if you’re going to manage your money and make what you’ve got last the month. Remember, your payment date is based on your birth date, so you should always be able to know when your social security check will arrive.
When it’s time to cash it, make sure you have your ID and pop into your local Money Services to get your funds quickly. Need to cash your social security check? Find your local store and visit us today.