In the next few days, the Social Security Administration will be sending United States households a new retirement check. This new check will have a maximum of $4,873 in the case of an Age Retirement payment, but it can also be for Disability.
When we talk about the Disability payment, SSDI, the Social Security Administration pays a maximum of $3,822 per month. And the next of the payments will be for all types of retirees who have two requirements met.
Despite all of this, we should also keep in mind that the method of collection has a big impact on getting the monthly benefit. It is not the same to get a Social Security payment through Direct Deposit, which is an instant collection method, as it is to get it through checking account deposit.
Either way, we should check all the requirements to see if the last of the Social Security payments before the end of June will arrive in our checking account. If it does, it means that we are part of group 4 retirees.
Mandatory conditions for the new Social Security payment
This new check will arrive only to the beneficiaries who meet the established requirements. So we must look at all the conditions we must meet before checking on the day of the payment. If we meet the two requirements, the money will appear immediately in our checking account in the case of activating Direct Deposit.
These requirements are two:
- Have applied for Social Security from May 1997 onward.
- You must have reached your birthday between the 21st and 31st of any month.
If you are part of this group of retirees, your Social Security payment may arrive on June 26th, 2024. This means that on that day we could get a check for up to $4,873, although the amount of each check is totally different.
Remember also that the method of collection affects whether we get the money earlier or later. Likewise, the type of benefit does not matter in order to have the money available on June 26th. The only important thing is to meet the two requirements above.