Sometimes you don’t have enough moneyyou can’t connect the two ends and your Social security payment always late during the month. If you are older than 62 and in terms of retirement benefits, you are probably in the same boat.
Therefore, you may have wondered if you can change your payment day Social security he gave you According to the administration, there are 5 different payments every month.
The first is for those on Supplemental Security Income and is usually on the first day of the month. The second is for those of Social security before May 1997 and is on the third of the month.
What happens when my Social Security payment is on a holiday or weekend?
If any of your payments are not on a business day, Social Security Administration will send it in advance. Of course, they will always ship it the previous business day when payment is due.
For example, there is a clear example if you are on Supplemental Security Income. Payment from January 1st, New Year’s Day, will arrive on December 29th. To avoid the holiday, it is sent on the previous business day to avoid any delays or problems.
Remember that banks are closed on these days, so you can’t complain if you didn’t get your money on time. There is usually no delay and Social Security checks arrive when due if you requested direct deposit.
Returning to remaining payments after the 3rd day of the month, there are three more payment days on the second, third and fourth Wednesdays of the month. These payments will depend on your birthday. The earlier your birthday is in the month, the sooner you will receive your payment.
Can I change my Social Security payment date if I’m not happy with it?
No, you can’t. For example, if you get your payment on the fourth Wednesday of the month, you can’t change it. Even if the date may not be right for you, you will have to accept it. But maybe there is something you can do about it.
Try to look for a bank or financial institution that is designed for seniors with benefits. That way, they may have some offers to help you get your money even up to five days early before your payment arrives each month.
Some of them claim no fees and no interest. Anyway, try to stick to a monthly budget and save money. That way, you can have an emergency fund that can help you afford unexpected expenses. If your Social Security is late, call your bank. Wait three days for mailing and then contact the SSA.