Social Security: Beneficiaries who will receive a payment of $943 on Oct. 1
A new month is about to begin and the Social Security Administration is preparing a new round of checks. Some recipients will get a $943 payment on Oct. 1.
The Social Security Administration is preparing to send October checks to millions of its beneficiaries. Some beneficiaries will receive a maximum payment of $943 on Oct. 1.
Payments are sent out on different dates throughout the month based on a schedule set by the agency. For example, Supplemental Security Income or SSI payments are given out on the first day of each month.
Supplemental Security Income beneficiaries will receive their money on Tuesday, Oct. 1. The maximum SSI payments are $943 for individuals and $1,415 for couples.
The average monthly SSI payment is about $698. People under 18 receive $814 on average, those between 18 and 64 receive $742 per month, and adults 65 and older receive about $574.
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Social Security: Complete payment schedule for October
While Supplemental Security Income payments are sent out on the first day of the month, on the third day of each month, the Social Security Administration sends money to people who began receiving their retirement payments before May 1997.
The rest of the Social Security checks are sent on Wednesdays, according to the beneficiaries’ date of birth.
- Second Wednesday of the month: retirees with a date of birth between the 1st and 10th
- Third Wednesday: beneficiaries born between the 11th and 20th
- Fourth Wednesday: retirees born between the 21st and 31st
Taking into account the regular schedule of the agency, these are the payment dates for Social Security benefits for October 2024:
- Tuesday, October 1: SSI recipients
- Thursday, October 3: Recipients who began receiving payments before May 1997
- Wednesday, October 9: Recipients with birth dates between the 1st and 10th
- Wednesday, October 16: Recipients with birth dates between the 11th and 20th
- Wednesday, October 23: Recipients with birth dates between the 21st and 31st
Payments are sent via direct deposit to recipients who have shared their bank account details with the Social Security Administration in order to collect their benefits in this way each month. The rest of the recipients receive their money via postal mail in a paper check, which takes longer to arrive.
The last Supplemental Security Income payments of the year will be sent on Friday, Nov. 1; Friday, Nov. 29 (payment for December); and Tuesday, Dec. 31 (payment for January 2025).