There are other types of benefits in the United States, but for many people, Social Security payments are the main source of income. Each month, beneficiaries should know when they will receive their payments.
People in retiree group 2 can get their Social Security payment on November 13, 2018. They will get this payment faster if they have Direct Deposit, but there is one important difference that makes a difference.
People who retired and whose birthday is between November 1st and October 10th will get the November 1st payment. Three things must happen for the payment to arrive on this date: you must be in group 2 and have Direct Deposit turned on.
People who do not have Direct Deposit will have to wait a few extra days to get their money because the bank transfer process takes longer without Direct Deposit. The payment itself is the same; the only difference is how quickly it gets to the recipient’s account.
It can be hard to tell the difference between these two things. Since there is no Direct Deposit, the payment is not put into the bank account right away on November 13.
Instead, it is sent through a normal bank transfer, which can take a few days. To stay out of trouble and to understand how the Social Security payment process works, you should be aware of this difference.
Get your Social Security before the end of this week
People in Group 2 who meet the requirements for Direct Deposit will get their payment on November 13 sent straight to their bank account.
People who do not use this system, on the other hand, will have to wait a few days for their payment to arrive because the money is sent to their account more slowly.
If you have not already, you should sign up for Direct Deposit as soon as possible.
This service makes sure that you get your payment quickly, without having to wait a few extra days. But it is important to know that people who are not enrolled will still get paid, it will just take a little longer.
That is why we are talking about group 2 retirees who do not have direct deposit this time.
Only these retirees will be able to get their Social Security checks on November 14 or 15. When will the payment arrive? If they come later, it will be on November 20, since November 16th and 17th are weekends.
Remaining Social Security Payments in November
Along with the November 13 payment for Group 2 retirees, here is the rest of the November payment schedule for Social Security recipients:
- November 20: Payment forĀ group 3Ā retirees , which are those who have theirĀ birthdayĀ between theĀ 11th and 20th of each month.
- November 27: Payment forĀ group 4Ā retirees, which includes those whoseĀ birthdayĀ is between theĀ 21st and the 31st of each month.
- November 29:Ā SSIĀ (Supplemental Security Income) payment, which actually corresponds to the month ofĀ December.
Even though payments are supposed to happen on these dates, beneficiaries should check to see if Direct Deposit is turned on because that affects how quickly they will get paid.
People who are not part of the system will also have to wait a few extra days to get their money through a regular bank transfer.
The Social Security payment system is meant to give people ongoing financial help. Understanding how it works can help people get their help at the right time and avoid confusion.