The United States Social Security retirement payment system divides beneficiaries into four groups. Knowing this in advance allows us to see that it is possible to receive a monthly retirement payment, but the day will vary depending on which group of retirees we belong to.
So, if we belong to group 1 we will always get the payment in the first days of the month, but the rest of the pensioners will have to wait a little longer to enjoy the benefit, since we will have to wait until the second Wednesday of each month at least.
Whatever happens, if we have bills to pay, we will be able to receive Social Security in March, just like every other month. So we shouldn’t be concerned because receiving our retirement payment every month is possible if we’ve already received approval from the Administration.
Who will receive Social Security on March 12th?
Americans who have received benefits since after May 1997 will receive this new check on March 12th. However, in addition to that requirement, we must also consider another. The other requirement is related to the beneficiary’s birthday.
In this regard, it is also required to have a birthday between the first and tenth of any month.
The beneficiary’s birth month and year are less important than the day. So, taking that into account, you must meet both requirements to receive the benefit.
There are no other mandatory requirements for the Social Security Administration to send us the payment on March 12th, but whether we receive it immediately or a few days later will be determined by the collection method we choose.
How can I get my Social Security payment as soon as possible?
Social Security retirement checks can arrive the same day the Administration sends them or a few days later. However, given that the collection method is the most influential in obtaining payment as soon as possible, it is up to us to decide whether we want the money the same day it is sent.
So, to receive the check as soon as the Administration sends it, we simply need to activate Direct Deposit. This collection method is critical for this type of management because it ensures that money arrives immediately, without having to wait a single day.
If we do not activate it, we can still collect the payment, but it will take approximately three days for the bank to make it available.