The Social Security Administration (SSA) has started distributing May 2024 payments for Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and others. There have been two payments made this week, first on May 1 and another on May 3. You should check your bank to know whether the payment is credited or not.
SSI payments are distributed on the first of every month in accordance with the payment schedule of SSA. Therefore, the recipients’ payments were scheduled to be received on May 1. This year, $699.22 was the average payment made to SSI beneficiaries in March. Couples that meet both qualifying criteria are eligible to get the benefit of $699 Stimulus Check Payment from the Government.
$699 Stimulus Check May 2024 Overview
| Benefit Name | $699 Stimulus Check |
| Authority Concerned | Social Security Administration (SSA) |
| Category | Financial Aid |
| Payment Amount | $699 |
| Payment Date | May 31, 2024 |
| Official Website | https://www.ssa.gov/ |
Despite Social Security’s denials, a large number of SSI recipients get far less than the $943 maximum payment. In reality, each recipient’s average SSI payout as of March 2024 is $699.22. If you are receiving supplementary benefits, such as retirement benefits, your income can be much lower. As June 1st falls on a Saturday, SSI recipients will receive two payments in May, which means that Friday, May 31, is when the June payment is due.
On May 3rd, Social Security claimants who began receiving benefits before May 1997 will begin collecting them. These payments are shared on the third of the month unless it occurs on a weekend or holiday, where it is paid on the preceding working day. Recipients of SSDI, survivors, and retirees will get payment on Wednesdays according to their birthdate. A second check will be issued at the end of each month to individuals who receive SSI benefits.