Ask Larry

Can I Change My Direct Deposit From The Third Wednesday Of The Month To The Second Wednesday?

I get my SS by direct deposit on the 3rd week
each month.
Can I change the direct deposit to the second week
of each month.If so how do I do he process..
Thank you..any information is appreciated...

Hi. No. The day of the month on which you get your monthly benefit payment is not optional. Your payment day is determined by your day of birth. People born in the first 10 days of a month are normally paid their Social Security benefits on the second Wednesday of the month. People born from the 11th to 20th day of a month are paid on the 3rd Wednesday. People born after the 20th day of a month are normally paid on the 4th Wednesday of the month.

I should clarify though that the birth day used is the birthday of the worker on whose account the benefits are paid. So, if someone is collecting only auxiliary (e.g. spousal, child) or survivor benefits, their payment day is determined by the birth day of the person on whose account they collect benefits.

Some people are still paid their Social Security benefits on the 3rd day of the month, but only if they either started drawing benefits prior to May 1997 or if they receive Supplemental Security Income (SSI) in addition to their Social Security benefits (https://www.ssa.gov/pubs/EN-05-10031-2021.pdf).

Best, Jerry

Category: 
Posted: 
Jun 18 2021 - 11:24am
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