Personal Finance

May 2024 Social Security Payment date: When will the Payments Arrive?

On fourth Wednesdays, Social Security benefits are disbursed, with SSI payments made on the first of every month, based on the principal beneficiary's birthday.

2. May Social Security Payment Date: Every month on the third, as well as the second, third, and fourth Wednesdays, Social Security benefits are normally disbursed. Typically, your date of birth determines the specific date of your Social Security payment. The first of every month is when payments for Supplemental Security Income (SSI) are made.

The principal beneficiary’s birthday determines your payment date if you receive benefits (spousal benefits, survivor benefits, etc.) based on someone else’s employment record rather than your own.

Social Security Age: Choosing the Right Age for Social Security Benefits

May Social Security Payment Date: When will I receive my money?

1. May 1 and 3: If you get Supplemental Security Income (SSI) and Social Security benefits simultaneously, you will get your SSI payment on May 1 and your Social Security check on May 3.

Social Security will pay you on May 3 if:

  • You’re not a US citizen.
  • You get benefits from Social Security as well as SSI.
  • Your state is responsible for paying your Medicare premiums.
  • Before 1997, you made a Social Security benefits application.

2. May 8: You will receive your Social Security payment on the second Wednesday of May if your birthday falls on any day between the first and the tenth of the month of your birth.

3. May 15: You will receive your Social Security payment on the third Wednesday of May if your birthday falls on any day between the eleventh and the twentieth of the month of your birth.

4. May 22: The fourth Wednesday in May is when you will receive your Social Security payment if your birthday comes after the 20th of the month in which you were born.

Will Social Security receive additional funding?

Yes. According to Nerd Wallet, in May 2024, there will be two SSI payouts. The June 2024 payment is scheduled to be distributed on June 1, but since June 1 falls on a weekend, it will be distributed on May 31. Accordingly, SSI beneficiaries will get two payments in May 2024 but not one in June. Additionally, in August 2024 and November 2024, the same pattern will manifest.

What happens if the anticipated date for my Social Security payment is missed?

  • With very few, extremely unusual exceptions, federal law mandates that Social Security benefits (as well as all other government benefits) must be paid electronically via direct deposit to your bank account or onto a Direct Express Debit Mastercard

$4873 Social Security: Benefits, Requirements and Schedule

  • Even though using electronic payments should make the possibility of losing or stealing money almost completely gone, delays and other problems can still occur. For this reason, knowing what to do if your Social Security payment is delayed is still crucial.
  • You should first contact your bank or financial institution if your electronic payment is delayed. The problem may only be a bank posting payment delays to your account.
  • Contact your local Social Security office or give the Social Security Administration a call at 800-772-1213 (TTY 800-325-0778) if there hasn’t been a posting delay and your funds are truly missing, misplaced, or stolen. After examining your case, the Social Security Administration will reimburse the lost money.
  • Wait to take action until three business days after your check is typically mailed if you live in the United States and are one of the few people who still receive paper checks. At that point, if your check hasn’t arrived yet, get in touch with the Social Security Administration so they can examine your case and, if required, issue a replacement payment.
Eduvast Desk

Recent Posts

Beware of Federal Student Loan Forgiveness Scams: Here’s How to Spot Fraud

The FSA is offering a program to help students with loans, but it's important to…

9 hours ago

New Australian Visa Requirements for Indian Students: Rs 16 lakh minimum bank balance mandatory

Indian students are facing a significant change in visa requirements, with the administration increasing the…

9 hours ago

CalFresh Income Limits for 2024: Find out how much you can earn to qualify for food stamps in California

California's CalFresh Program, which assesses income eligibility, ensures that those in need are eligible for…

9 hours ago

Guaranteed Income Program California: Who is eligible for a $500 payment monthly in California?

Fresno County, central California, is offering a guaranteed income initiative to eligible citizens, providing $500…

10 hours ago

Social Security and Medicare gain years before benefit cuts, still face shortages

Social Security and Medicare trust funds face impending shortages, requiring years of action to ensure…

1 day ago

Tacoma Stimulus Check 2024: Who Will Benefit from the New Monthly Stimulus Check Program?

Pierce County and Tacoma are launching a monthly stimulus program, providing additional cash assistance to…

1 day ago