Anyone receiving SSI (Supplemental Security Income), Social Security disability benefits, survivor benefits, or any of the various types of benefits offered by the United States Social Security Administration in 2023 should know what the payment schedule is. of the SSA. That way, they can plan ahead and budget their money to make it easier to pay bills on time, buy groceries, and pay all other living expenses. Without knowing when your benefit money will arrive, it can be very difficult to pay bills on time or make sure rent is paid when needed.
The Social Security payment schedule for 2023 can be confusing. But once you know how the SSA structures your payments, it will be easier to know and understand when your Social Security benefits will be paid in October. Ultimately, knowing the SSA deposit dates in 2023 will help you manage your money more effectively.
There are millions of people who receive Social Security benefit payments each month and therefore want to know when the SSA payment dates are. Fortunately, the Social Security Administration (SSA) has established a payment distribution system to ensure that everyone receives their benefits on time. SSA payment dates and the time of month your benefit check will arrive or your money will be deposited into your checking account depend on two things: (1) the type of benefit you receive and (2) when your birthday is.
If you receive SSI for yourself or your child, you should receive that money by the first day of the month. SSI payment dates are always the first of the month. If your SSI benefit is deposited directly into your bank account, you may receive that money on the last day of the previous month, depending on your bank’s policies and what day of the week the first day of the new month falls on.
October 1, 2023 is a Sunday, so anyone who receives SSI from the Social Security Administration can receive that money on Friday, September 29 because that is the last business day of the month. If you receive a check in the mail for Social Security benefits in October, you should receive it by Friday, September 29; however, delays in the mail may mean you won’t receive it until Monday, October 2.
If you receive Social Security retirement benefits or Social Security disability benefits and you started receiving those benefits before May 1997, you are due to receive your Social Security benefit payment on October 3, 2023.
All other types of Social Security benefits must be paid on your actual date of birth in the month of October.
Below is a breakdown of Social Security payment shipping dates for October 2023 based on beneficiaries’ birthdates:
- If you are a retiree receiving Social Security retirement benefits and your birthday falls between October 1 and October 10, your check will be sent on the second Wednesday of October 2023.
- If you were born between October 11 and 20, your check will be sent on the third Wednesday of October.
- People with a date of birth between October 21 and 31 will receive their Social Security benefit checks sent on the fourth Wednesday in October.
In early 2023, the Social Security Administration (SSA) approved an 8.7% cost of living adjustment (COLA). That means the amount of benefit money people receiving Social Security benefits will receive in October 2023 is more than the amount they received in October 2022. The average benefit for Social Security retirees in 2023 is about $1,827 .
Breakdown of Social Security retirement benefit payment amounts by retirement age:
- A person who retired at the age of 62. You can get up to $2,572 in retiree benefits each month.
- Anyone who waited to receive their Social Security retirement benefits until age 67 (the maximum retirement age) You can get up to $3,627 per month.
- And people who waited until age 70 to start receiving their Social Security retirement benefits You can get up to $4,555 per month.
How much will SSI checks be in 2023? People who receive SSI for themselves or on behalf of their children can receive up to $914 per month, but the average SSI amount is about $600. For a married couple where each person receives SSI, the maximum amount of money they can receive is $1,371 per month.
Each person who receives Social Security benefits will receive an amount of money based on (1) the amount of their award and (2) their unique circumstances. However, the cost of living adjustment that was implemented in 2023 means that most people who receive SSA benefits should see an increase in the amount of money they receive in October 2023 and for the rest of the year compared with that of 2022.
Use our Disability Calculator to estimate the amount of money you will receive each month.
When will SSDI checks be deposited for October 2023? While everyone who receives SSI from the Social Security Administration can expect to receive their benefit no later than Monday, October 2, 2023, many people will receive their benefit on Friday, September 29. This is because October 1, 2023 is a Sunday.
Everyone else waiting for SSA payment dates should receive their benefits according to this schedule:
- If your birthday falls between October 1 and October 10, Your benefit should arrive on Wednesday, October 11, 2023.
- If your birthday is from October 11 to 20, Your benefit should arrive on Wednesday, October 18, 2023.
- If your birthday is October 21-31, Your benefit should arrive on Wednesday, October 25, 2023.
Unfortunately, there are sometimes delays in receiving your monthly Social Security benefit payment. There are a number of factors that can cause these delays. For example, if you receive paper checks from the SSA, your benefit may not arrive when it should due to delays in the postal service.
And even though the SSA mails checks under the assumption that they will arrive according to the scheduled dates (listed above), delays can still occur. Some of the factors that can cause checks to arrive later than expected are:
Extreme weather, such as blizzards, ice storms, floods, hurricanes or tornadoes, can cause Social Security benefit checks to arrive late.
- Postal delays.
During some months of the year, sending large amounts of mail can cause delays in postal delivery. This is especially true during the holiday months of October, November, and December, as many people shop online, send holiday cards, and mail holiday gifts, which can cause postal service to become very slow. Basically, when the postal service has a high volume of mail, your Social Security benefit check may arrive later than it should.
- Weekends and holidays.
Weekends and holidays can also slow down mail delivery.
If you are concerned about receiving your Social Security benefit money on time each month so you can budget effectively, you should request a direct deposit of your benefit. Since paper checks can mean delays in getting your money, direct deposit is the best way to ensure your benefit money is available quickly and on the same day every month, ultimately making it easier for you Pay your bills on time. and budget. Additionally, according to the SSA, direct deposit is incredibly safe and convenient. The SSA strongly recommends that people sign up for direct deposit of their Social Security benefits.
Sign up for direct deposit It’s very simple. All you have to do is have a bank account and indicate that you want to receive your benefit payment electronically through the SSA. For people who are currently in the process of applying for SSI or Social Security benefits, you can indicate that you want to receive electronic benefit payments when you enroll. And, for people who currently receive SSI or Social Security benefits, you can sign up to receive electronic benefit payments online through your “my social security account”.
If you don’t have a bank account, you can still receive electronic benefit payments from the Social Security Administration by signing up for your Direct Express® Card. When you sign up for this debit card program, you will receive a free prepaid debit card from the SSA. The SSA will then load your benefit money directly to the card each month. As soon as the funds are deposited into the card, you can use it to pay bills like a credit card or you can withdraw cash at any ATM.
If you are enrolled for direct deposit and your benefit amount is not deposited into your account on time, you should contact SSA immediately. But, if you receive a paper check and the check doesn’t arrive on Wednesday when it should, you should wait a few days to see if it is simply delayed. This is because it is very likely that the check was delayed simply due to a postal delay. However, if you do not receive your paper check within three days of when it was due to arrive, you should contact the SSA.
To contact the SSA to report a missing, stolen, or late payment, you can call them toll-free at 1-800-772-1213 (TTY 1-800-325-0778) or contact your local social security office.
Knowing when you’ll receive your Social Security benefits in October 2023 will make it easier to make sure your bills are paid on time and give you peace of mind that you’ll be able to get the things you need. We hope this article has helped you by giving you the knowledge and confidence you need to manage your benefit payments for October 2023 and the remainder of 2023.