During the month of August we will see new Social Security retirement payments coming to all eligible households in the United States. Before the end of the next few weeks of August we will be able to enjoy this new retirement check that will make us enjoy a benefit of up to $4,873. However, it is necessary to meet certain requirements if we want to have this check in our checking account.
Besides that, it is also necessary to activate the fastest collection method if we intend to have the check as soon as possible. The only thing we can be sure of is the day on which the Social Security Administration will send the check, but the day on which we get the benefit will depend on other factors. Be that as it may, we can mark on the calendar whether our check will arrive in the next week or not.
Requirements for the new Social Security payment
Although it is true that many citizens can get the new retirement payments, it is also true that not all United States citizens can access the check. We must check well the established requirements in order to have access to this type of benefit. And these conditions are mandatory, so it is not possible to collect this check if we are not within the eligible group.
The requirements for the new Social Security payment in August are:
- Have a birthday between the 1st and 10th of any month.
- Have been receiving a retirement benefit since after May 1997.
Only in this way will we have direct access to the August 14th, 2024 retirement payment. This payment will have a maximum check of $4,873 in the case of the retirement benefit and $3,822 in the case of the Disability benefit.
Remember that only if you have Direct Deposit activated will you be able to have this benefit payment on the same day of remittance. Without this collection method we will also have the payment available, but not on the day of mailing, but a little later.
How to get an extra Social Security check in August?
United States citizens who have accepted Supplemental Security Income payments can get an extra check from Social Security. Receiving this payment is possible due to a timing irregularity. Any citizen who has an SSI benefit can get the extra payment within the August calendar by activating Direct Deposit as a collection method.
The Social Security Administration will send this check for up to $943 extra on August 30th, 2024. This is because September 1st is a weekend. Therefore, we are looking at an extra payment that comes early and can make a big difference to the monthly budget of a citizen who is looking forward to getting each of their monthly checks.