If you are looking for the Social Security Payment Schedule for February 2021, look no further. We can help you. Social Security pays benefits in the month following the month for which they are due. For example, the December benefit is paid in January.
For those on Social Security retirement benefits or disability (SSDI or SSI), knowing when your payments will be deposited each month is crucial.
That’s because, for a majority, the monthly Social Security benefit is the main source of income.
Knowing the payment date helps you plan ahead and ensure that your bills are paid on time.
In addition, if you know when the payment will be deposited and available, you can plan for cash withdrawals from your account.
In the post below, we have explained in detail how the Social Security Payment Schedule works and provide you with the specific dates on which your February benefit payments will be deposited into your account.
This Post will Cover:
- No More Paper Checks for Social Security Benefits
- How Social Security Payment Calendar Works
- Social Security Payment Schedule for February 2021
- Complete 2021 Social Security Payments Schedule
- What To Do If You Don’t Recieve Your Benefits
- Social Security Benefits Questions and Answers
No More Paper Checks for Social Security Benefits
Since 1935, the Social Security Administration (SSA) has mailed paper checks to Social Security beneficiaries.
However, that ended in May 2011.
That’s because Congress passed a law that required all recipients of payments from federal benefits programs to sign up for electronic payments.
Since then, all new recipients of Social Security and Supplemental Security Income disability have been required to sign up for electronic payments.
In addition, existing recipients of Social Security and SSI had to comply with the new requirements by March 1, 2013.
As a result, the SSA no longer mail paper checks for Social Security benefits, including disability payments.
There are two ways you can receive your Social Security benefits electronically:
Option 1 – Direct Deposit into Bank Account
First, you can choose to have your Social Security or Disability benefits direct deposited into an account with a bank or credit union.
If you choose this method of payment, your benefits will be automatically posted into your bank account on your payment date.
Option 2 – Direct Deposit into Direct Express Debit MasterCard
Second, if you do not have a bank account or are not able to get one, the Treasury Department has another solution for electronic payments:
You can sign up for a Direct Express Debit MasterCard, which is a prepaid debit card that works similar to a traditional bank debit card.
The Direct Express card is accepted anywhere Debit Mastercards are accepted.
You can also use your Direct Express debit card to make purchases and also get cashback at the grocery store or to purchase money orders at the post office.
What Happens if I Don’t Sign up for Electronic Payments?
If you just signed up to receive Social Security or Disability benefits and did not provide electronic payment information, here’s what will happen:
The SSA will make the choice for you and send your monthly benefit payments to you via the Direct Express debit card.
If you are already receiving Social Security or Disability benefits by check and have not signed up for electronic payments, here’s what to expect:
At some point soon, the SSA will switch your payments to a Direct Express card and a debit card will be mailed to you.
How Social Security Payment Schedule Works
If you are receiving Social Security Retirement or Social Security Disability Insurance benefits (SSDI), your payment date depends on your birth date.
In addition, If you are receiving payments on the record of a retired, disabled, or deceased worker (for example, spousal or survivor benefits), that person’s birthday sets the schedule.
Here’s how the Social Security Payment schedule works for those who receive Social Security retirement benefits or SSDI:
- If your birthday is in the first 10 days of the month, then you’ll receive your benefits payments on the second Wednesday of each month.
- For those with birthdays between the 11th and the 20th, benefit payments are deposited on the third Wednesday of the month.
- Payments are made on the fourth Wednesday of the month for those with birthdays on the 21st or later.
Here is a table that better displays how the payment schedule works:
|1st – 10th
|11th – 20th
|21st – 31st
Now that you understand how the payment schedule works, it’s time to review the 2021 payment calendar as released by the SSA.
If you’ve been receiving Social Security benefits prior to May 1997 or you get both Social Security and SSI payments, here’s what you need to know:
Your payments will be made on the 3rd of each month. If the 3rd falls on a weekend or holiday, payment will be made on the preceding Friday.
Here is the complete SSI payment schedule for 2021.
We have first listed dates for those only receiving SSI benefits.
Next, we have provided dates for those receiving both Social Security retirement benefits and SSI.
Social Security Payment Schedule February 2021
Here is when to expect your Social Security payment for February 2021:
Social Security and Social Security Disability Insurance (SS and SSDI)
For those receiving Social Security Retirement Benefit or Disability Benefits, here is your payment schedule for February:
- If your birth date falls on the 1st – 10th day of the month, benefits are paid on February 10th.
- Also, if your birth date falls on the 11th – 20th day of the month, benefits are paid on February 17th.
- If your birth date falls on the 21st – 31st day of the month, benefits are paid on February 24th.
Supplemental Security Income (SSI) Payment Schedule
If you receive Supplemental Security Income (SSI), you will receive your payments on the 1st of each month.
The exception is when the 1st falls on a weekend or holiday.
If the first falls on a holiday, then you will receive your payment the business day before.
However, if the first falls on a weekend, you’ll receive your payment on the preceding Friday.
February 2021 SSI Payment Schedule
Since February 1st, 2021 falls on a Monday, SSI payments for the month will be deposited on Monday, February 1st, 2021.
If you receive your payment via a bank account or a prepaid debit card like the Direct Express Debit card, you should see your benefits in your account on or before Monday, February 1st, 2021.
Both SS and SSI Recipients
Since February 3, 2021, is on a Wednesday, you will receive your benefits on Wednesday, February 3rd, 2021.
The Complete 2021 Social Security Payment Schedule
Here is a simplified version of the 2021 Social Security Payment Calendar for Social Security retirement benefits and SSDI beneficiaries.
If your birthday falls between the 1st and 10th:
- January 13
- February 10
- March 10
- April 14
- May 12
- June 9
- July 14
- August 11
- September 8
- October 13
- November 10
- December 8
If your birthday falls between the 11th and 20th:
- January 20
- February 17
- March 17
- April 21
- May 19
- June 16
- July 21
- August 18
- September 15
- October 20
- November 17
- December 15
If your birthday falls between the 21st and 31st:
- January 27
- February 24
- March 24
- April 28
- May 26
- June 23
- July 28
- August 25
- September 22
- October 27
- November 24
- December 22
Supplemental Security Income (SSI) Payment Schedule for 2021
For SSI recipients, benefits will arrive on the first of the month. If the 1st of the month falls on a Saturday, Sunday, or a federal holiday, you will be paid on the business day before then.
For example, if the 1st of the month falls on a Saturday, you’ll receive your benefits the Friday before.
|Both SS & SSI
What To Do If You Don’t Recieve Your Benefits
If you do not receive your payment on your specified day or date, the Social Security Administration asks that you wait three mailing days before contacting them.
You can contact Social Security at 1-800-772-1213.
Social Security Benefits Questions and Answers
Here is the summary of the most frequently asked Social Security Benefits Questions and Answers.
Can I work while collecting Social Security Benefits?
The short answer is Yes!
However, whether the income you make will affect how much in Social Security benefits you receive depends on when you starting receiving benefits.
If you start receiving Social Security benefits before you reach full retirement age (FRA), then your income from working might reduce the amount of your benefit.
When you start to receive Social Security at your FRA, you qualify to collect 100 percent of the maximum benefit allowed from your earnings history.
Until then, Social Security doesn’t consider you fully “retired” if you make more than a certain amount from work.
As a result, they will deduct a portion of your benefits if your earnings exceed that limit.
However, once you reach FRA, there is no cap on how much you can earn and still receive your full Social Security benefit.
The income earnings limits are adjusted annually.
In 2021, for every $2 earned over $18,960, you lose $1 in Social Security Benefits.
For example, if you have a part-time job that pays $25,000 a year, it means you are making $6,040 over the limit ($25,000-$18,960).
Therefore, your Social Security Benefits will be reduced by $3,020, which is half of the $6,040.
Will Social Security Get a Raise in 2021?
Most seniors rely on their Social Security check as their main source of income.
The annual cost of living adjustments (COLA) helps to boost Social Security payments to catch up with inflation.
Each year, the Social Security Administration (SSA) bases the cost of living adjustment (COLA) increase on the Department of Labor’s consumer price index (CPI) for urban wage earners and clerical workers.
Over the past decade, Social Security Cost of Living Adjustment has averaged just 1.4%.
However, there have also been years when the COLA was zero, which means there was no increase in Social Security Benefits for that year.
In 2020, the COLA was 1.6%.
According to the SSA, the COLA for 2021 will be 1.3 percent.
As a result, the 70 million Americans who receive Social Security and SSI benefits will get a raise of 1.3% in 2021.
Social Security Payment Dates 2021 Summary
Here’s the bottom line:
If you receive Social Security retirement benefits or SSDI, then your benefits will be paid based on your birthdate.
SSI (Supplemental Security Income) payments are issued on the first of every month.
For February 2021:
Social Security and SSDI payments will be made using the schedule below:
- For beneficiaries with birth dates that fall on the 1st – 10th day of the month, payments will be deposited on February 10th if your
- In addition, for beneficiaries with birth dates that fall on the 11th – 20th day of the month, you will get your deposit on February 17th.
- Finally, if your birth date falls on the 21st – 31st day of the month, expect your payments to be deposited on February 24th.
For SSI recipients:
Since February 1st, 2021 falls on a Monday and it’s not a holiday, SSI payments for the month will be deposited on Monday, February 1st, 2021.
For those getting SS and SSI benefits, you will receive your benefits on Wednesday, February 3rd, 2021.
We hope this post on Social Security Payment Schedule February 2021 was helpful.
If you still have questions, you should leave a comment below.
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Finally, you may like these popular articles, including How to Change Your Address with Social Security, the Top 5 Changes to Social Security in 2021, and Printable 2021 Social Security Payment Schedule.