The COLA for Social Security in the United States means that citizens receiving benefits will receive a Direct Deposit in 2025 that is significantly higher than the previous year.
All beneficiaries have noticed that their retirement checks have increased this year. And, while this should not affect the day we receive our tax refund, it may affect the amount.
As a result, knowing when we will be able to receive our paycheck is critical for maintaining a well-defined budget.
If we only receive one payment from Social Security, we will need to carefully monitor everything related to payday. If we have another source of income, we will not be completely dependent on it, but we should be aware of the day of collection.
Thus, only a specific group of retirees will be able to receive their payment soon. This payment will not be sent in the next few hours, but it is already being sent, but it is true that we should know who receives it directly and who does not.
Not all Americans receive their Social Security check on the same day, even if they belong to the same group of retirees.
Retirees who will receive Social Security soon
Americans who are in retirement group 1 and have Direct Deposit set up as a collection method can receive payment in their bank accounts today.
As a result, some Americans receive payment today, while others must wait a little longer to enjoy this benefit. This group of retirees only needs to meet one requirement.
A check accepted before May 1997 is a mandatory requirement for membership in this group. If you fall into this category, your retirement payment will arrive in your bank account during the first full week of February.
If you have Direct Deposit enabled, the funds will have already arrived in your checking account. If you do not have this collection method, the money will arrive within the next 24 or 48 hours.
Maximum Social Security check in March 2025
Given that the COLA has increased Social Security payments in 2025, we can be confident that the payment of this benefit reached its maximum last January.
However, in March we will continue to receive the same maximum check as before. Thus, the maximum payment we can receive is $5,180, but not for everyone.
Only retirees who maximized this benefit during their working years can receive the maximum payment. Otherwise, we could be among the average checks, which range from $1,600 to $2,000 per month. In any case, we will receive the check this week if we meet the established requirements.