If you have been receiving Social Security since before May 1997, you will have received your check on the 3rd of the month; if you have been claiming since that date the schedule will have been based on your birthday: If your birth date is 1st to the 10th it would have been the third Wednesday of the month; 11th to the 20th, the fourth Wednesday; and 21st to the 31st, the first Wednesday.
However, getting Security Checks will soon be a thing of the past. Any new claimants from May 1 2011 will have to give their bank details and receive their benefit through Direct Deposit. If you are already a beneficiary, you have until March 1 2013 to make the changes. If you already receive your payment through Direct Deposit, you do not have to do anything, things will just carry on as there are.
You will need your routing transit number, the type of account you have (checking or savings), or you can choose to have the money put onto a pre-paid debit card.
There are a number of ways that you can make the changes; you can do it online by going to www.GoDirect.org, by calling the U.S. Treasury Electronic Payment Solution Center at 1-800-333-1795 or by speaking to someone from your bank or credit union.
The reason behind these changes is purely financial. The treasurer of the U.S. Claims that $1 billion will be saved by eliminating checks over the next 10 years. The new system will also mean that recipients will get their money more quickly and easily, and it is a safer method, too. Last year, more than 540,000 Social Security and Supplemental Security Income checks had to be replaced because they had been lost or stolen, incurring even more cost to the taxpayer.
However, getting Security Checks will soon be a thing of the past. Any new claimants from May 1 2011 will have to give their bank details and receive their benefit through Direct Deposit. If you are already a beneficiary, you have until March 1 2013 to make the changes. If you already receive your payment through Direct Deposit, you do not have to do anything, things will just carry on as there are.
You will need your routing transit number, the type of account you have (checking or savings), or you can choose to have the money put onto a pre-paid debit card.
There are a number of ways that you can make the changes; you can do it online by going to www.GoDirect.org, by calling the U.S. Treasury Electronic Payment Solution Center at 1-800-333-1795 or by speaking to someone from your bank or credit union.
The reason behind these changes is purely financial. The treasurer of the U.S. Claims that $1 billion will be saved by eliminating checks over the next 10 years. The new system will also mean that recipients will get their money more quickly and easily, and it is a safer method, too. Last year, more than 540,000 Social Security and Supplemental Security Income checks had to be replaced because they had been lost or stolen, incurring even more cost to the taxpayer.
