What Time Does Social Security Deposit?

Payment Schedule for 2022

Approximately half of older Americans reside in households where Social Security benefits compose a least 50% of their income, and 25% of this group depend on their monthly payment for the majority (if not all) of their earnings. As such, it’s important for retirees to be aware of when they will be receiving their benefits. While this is especially crucial to the 0.8% of beneficiaries who need to be on the lookout for a physical check each month, the remaining 99.2% still ought to know when their Social Security income is being direct deposited to ensure they aren’t spending more money than they actually have.

SSA Managing retirement benefits is an ongoing part of retired life. Therefore, it's important to understand what you’re entitled to, stay up to date on program changes, and make certain the SSA has your current information.

Social Security retirement, disability, and survivors benefits all are distributed on one of three Wednesdays each month for beneficiaries who began receiving benefits after May 1997. When a beneficiary will receive their payments depends on their birth date, as described below:

  • If you were born between the 1st–10th, you will receive your Social Security payments on the second Wednesday of each month.
  • If you were born between the 11th–20th, you will receive your Social Security payments on the third Wednesday of each month.
  • If you were born between the 21st–31st, you will receive your Social Security payments on the fourth Wednesday of each month.

SSI benefit payments follow a different schedule. Specifically, SSI benefits are distributed on the first of each month. Should the first of the month fall on a weekend, then the new payment date will be the last Friday of the prior month. For 2022, there will be no SSI benefit payments in January, May, and October, while beneficiaries will receive their payments at both the beginning and end of April, September, and December.

Exception Social Security benefits for those who began receiving benefits prior to May 1997—or retirees receiving both Social Security and SSI—are paid on the third day of the month. In the event that the third day of the month is a weekend, these payments will be issued on the first Friday of that month. This will be the case for April 1, July 1, September 2, and December 2 of 2022.

What to Do If Your SSDI Payment Is Late

If you are worried that your payment was stolen, you should contact the SSA immediately. Otherwise, they request that you wait at least three business days after the date you should have received your check to contact your local office or call them at 1-800-772-1213 (TTY 1-800-325-0778) on Monday through Friday from 7:00 am to 7:00 pm.

You should receive your first payment within 90 days of being approved for benefits. If you do not get it within this time period, contact your Social Security disability lawyer if you have one or the SSA.

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Keep Taxes in Mind

Not every retiree is required to pay taxes on Social Security benefits. If you are, however, you will be required to make quarterly estimated tax payments to the Internal Revenue Service or to have taxes withheld from your Social Security payments. Consulting with an advisor at the SSA can provide you with information on whether your benefits will be taxable and how best to pay any taxes due on these benefits.

What If I Haven’t Received My SSI Check This Month?

If you haven’t received your check or deposit by the 4th banking day of the month, the Social Security Administration (SSA) recommends calling the agency at 800-772-1213.

When Will I Receive My First Payment?

Social Security retirement benefits, as well as disability and survivor benefits, are paid in the month after the month the payment represents. For example, you can expect your first direct deposit to occur in June according to the day-of-birth schedule if your first month of receiving benefits is May.

When will Social Security make 2022 payments?

When is your birthday?

If your birthday is between the first and the 10th of the month, you’ll get your benefits on the second Wednesday of the month.

If your birthday is between the 11th and the 20th, Social Security benefits are deposited on the third Wednesday of the month.

If your birthday falls between the 21st and the 31st of the month, your benefits are deposited on the fourth Wednesday of the month.

If there’s a Wednesday holiday, your benefits are deposited a day early. Looking at the calendar for 2022, there are no holidays that fall on a Wednesday.

You can find this schedule in calendar form on the Social Security Administration Website.

There are a few exceptions to these dates.

Children and spouses who receive benefits based on someone else’s work record will receive their benefits on the day corresponding with the primary person’s birthday.

Some people will always receive their benefits on the third of the month. These folks include:

  • People who filed for benefits before May 1, 1997
  • People who also receive Supplemental Security Income (SSI)
  • If your Medicare premiums are paid by the state
  • People who live in a foreign county

Tip

The Social Security Administration typically increases benefits annually, based on inflation. These increases are called cost-of-living adjustments, or COLAs.

Who Receives Social Security Payments on the 3rd of the Month?

If you started receiving SSDI benefits in 1997 or earlier, you’ll receive your payments on the 3rd day of the month, no matter when your birthday is. If the 3rd is on a Saturday, Sunday, or legal holiday, your benefits will be deposited on the banking day before.

This is the SSDI payment schedule for 2022 for people who were approved for benefits in 1997 or earlier (or who are also receiving SSI):

  • January 3
  • February 3
  • March 3
  • April 1
  • May 3
  • June 3
  • July 1
  • August 3
  • September 2
  • October 3
  • November 3
  • December 2

In some circumstances, if you’re receiving SSDI benefits on the 3rd of the month, you can change your payment date. Your birth date would determine what day your benefits will arrive, based on the lists above.

When Does the Social Security Administration (SSA) Distribute Supplemental Security Income (SSI)?

Individuals who were born prior to May 1997 or receive both Social Security and SSI will receive a check from the SSA on the third day of each month. Should the third of the month be a weekend, it will instead be issued on the first Friday of that month.

How will I receive my payments?

The SSA used to send checks, but now they require everyone to receive their benefits electronically. This is much more efficient, as the funds are available on the day they are issued. Also, Social Security checks were sometimes lost in the mail or stolen, resulting in delays.

If you already have a bank account, it’s very easy to have your checks deposited electronically. You’ll need:

  • Your Social Security Number
  • Your bank account’s routing number
  • Account type (checking or savings)
  • Account number

If you don’t have a bank account or prefer not to receive your benefits by direct deposit, the SSA also offers a Direct Express® card. This is a prepaid debit card you can use to access your payments. You can use this card the same way you would any other debit card. You can make purchases, pay bills or get cash. Most transactions are free.

What Time Period Do Social Security Payments Cover?

The SSA sends out payments one month after they are due. This means that each Social Security benefits payment is for the month immediately previous to the one in which you receive it from the SSA.

Why is my Social Security check late?

Social Security payments generally arrive on time. However, if your payment is delayed for some reason, contact your bank or financial institution. Once three days have passed without payment, you can reach out to the Social Security Administration to follow up.

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