Many SSDI recipients in the United States are about to receive their direct deposit payments. For some, the money will be in their bank accounts within the next 24 hours. However, not everyone is eligible for these upcoming payments, and it’s important to know who qualifies and when the deposits will be made.
Who’s Eligible?
To receive the upcoming SSDI payment on August 14, 2024, you must meet specific criteria. First, your birthdate must be on or before the 10th of any month. If you were born after the 10th, this particular payment won’t be for you, but there will be other dates in August to look out for.
Moreover, eligibility for SSDI requires that you have a qualifying disability. If your health improves or you no longer meet the disability requirements, you must report this to the Social Security Administration (SSA), as it will impact your payment eligibility.
It’s crucial to note that if you are receiving Supplemental Security Income (SSI) payments or started cashing Social Security checks before May 1997, you will not be eligible for these SSDI payments. These restrictions are in place to ensure that the right people receive the funds at the right time.
August 14 Payment Details
On August 14, 2024, the SSA will process and send out direct deposits to eligible SSDI recipients. As long as your birthdate is between the 1st and the 10th, you should see the money in your account soon.
There is no reason to expect any delays with this payment. The SSA has indicated that payments will be on time. If you don’t receive your payment as expected, the issue likely lies with your bank or financial institution. Sometimes, banks can take longer to process these transactions, but this is generally an exception rather than the rule.
Additional Payment Dates
If you do not qualify for the August 14 payment, don’t worry—there are two more SSDI payment dates this month. Recipients with birthdays between the 11th and 20th will receive their payments on August 21, 2024. Those born between the 21st and 31st can expect their direct deposit on August 28, 2024.
The average SSDI payment amount in August is approximately $1,537. However, if you were a high earner during your working years, you might be eligible for a much higher payment. High earners who worked for 35 years, earned the taxable maximum, and delayed filing for Social Security until the last possible moment can receive up to $3,822. This amount reflects the higher contributions made to Social Security over a more extended period.
What to Do
If you don’t receive your SSDI payment on the expected date, first, check with your bank. Delays are typically on the bank’s side and not with the SSA. Ensure that your bank has your correct account information and that there are no issues with your account that could cause a delay.
In rare cases, if your bank is not the issue, you should contact the SSA directly. They can provide more information and help resolve any problems that might be causing the delay.
As SSDI recipients anticipate their payments, understanding the eligibility criteria and payment schedule is essential. Knowing when to expect your deposit can help you plan your finances and avoid unnecessary stress.
FAQs
Who is eligible for the August 14 SSDI payment?
Recipients born between the 1st and 10th of any month are eligible.
Can SSI recipients receive SSDI payments?
No, SSI recipients are not eligible for these SSDI payments.
What should I do if I don’t get my payment on time?
Contact your bank first, then the SSA if the issue isn’t resolved.
How much is the average SSDI payment in August?
The average payment is about $1,537.
When are the other SSDI payment dates in August?
Payments are also made on August 21 and August 28.