Are you currently receiving Social Security or have you just been approved to receive Social Security benefits or Supplemental Security Income (SSI) and would like to know the Social Security Payment Schedule 2016? See below for the full calendar. But first, you need to understand how the payment schedule works. Here is what you need to know:
Your payment date depends on when you started your social security benefits. The image below explains how it works:
Here is the Calendar for 2016
You can also download it in PDF format by clicking here.
In case you did not receive your payment on the date indicated above in the calendar, The Social Security Administration asks that you allow three days to pass after your payment date before you contact Social Security. It is very rare for payments to be missed, especially now that most payments are made by direct deposit, however, glitches sometimes happen when you are processing millions of benefit payments, so if you did not receive your money on time and have waited the 3 days, call Social Security for help.
Frequently Asked Questions about Social Security Payments
If I am getting survivor’s benefits, what will by payment date be?
If you are a spouse and are receiving survivor’s benefits, the payment date will be based on the birth date of the deceased individual upon whose work record the benefit payments are being made.
Can I have the direct deposit of my Social Security benefit split between two bank accounts?
No. At the moment, Social Security benefits can only be deposited into one bank account (e.g. checking account, savings account, and prepaid card account). You can however schedule with your bank to have them transfer the all or some of the money into another account that you own. You may even be able to do this yourself online where you schedule monthly transfers into a different bank account.