Is the First Social Security Payment of August 2023 Going to Be Delayed ?

Is the First Social Security Payment of August 2023 Going to Be Delayed ?

Is the First Social Security Payment of August 2023 Going to Be Delayed ? Americans with a disability benefit may receive their Social Security check late. This is due to the way the government’s payment system is set up.

Is the First Social Security Payment of August 2023 Going to Be Delayed?

Payment Timeliness in August

Even so, this does not mean that all retirees with a disability benefit will receive the money late. The Administration will send the money in a timely manner to beneficiaries in August, regardless of the type of benefit they have.

Challenges for Pre-1997 Pensioners

The potential problem comes on the day the Administration sends disability pensions to pre-1997 pensioners. Beneficiaries who applied for their benefit before this year usually receive payment on the 3rd of the month.

Possible Delays of Up to 3 Days

The disability benefit could take up to 3 days to arrive. In months when that day is a weekend or holiday, there may be changes in the day the money is received. But in the month of August, we face a different situation. This month’s disability benefit payment is on the 3rd of the month, yes, but that day is Thursday.

Weekend Proximity and Direct Deposit

This means that Thursday is very close to the weekend and, therefore, it could interfere with the payments of some retirees. Beneficiaries who do not have Direct Deposit activated are the main losers.

Extended Payment Time for Classic Bank Deposits

When receiving the benefit money through the classic bank account deposit, the disability benefit could take up to 3 days to arrive. As the deposit day is Thursday, the payment could take up to 3 days to arrive.

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