SSI Beneficiaries will get Two Payments in August 2024.
August 12, 2024 – This month, people who receive SSI benefits will get a second check before the calendar rolls into September. Here’s what you need to know about that second payment.
The Social Security Administration (SSA) usually issues SSI payments on the first day of each month. But if that date is on a weekend or holiday, the agency pays you ahead of schedule — on the last business day of the preceding month.
This schedule ensures those dependent on SSI have the money they need by the first day of the month.
The second SSI payment is not an extra payment. It’s the next month’s payment hitting your account a few days early.
It’s likely you’ll also receive an SSI payment early when the first of the month is a federal holiday. The payment will be made on the last business day of the previous month.
Your SSI payment for August 2024 will be available on Aug. 1, and a second payment will hit your account on Aug. 30. Because the second payment is for the month of September, the next SSI payment after that won’t be until October 1.
SSI payments are issued one of two ways. For beneficiaries with bank accounts, the payments come as direct deposits. For those without bank accounts or those who prefer a more tangible method, payments are added to beneficiaries’ accounts with Direct Express cards. The second payment in August will be paid with whichever method you’ve signed up for.