Are you waiting for a $697 direct deposit to hit your bank account? Many Americans are wondering if they’ll receive these payments, but the truth is, the $697 checks are tied to specific Social Security benefits, such as SSI and SSDI. Here’s what you need to know about eligibility and when to expect these payments.
What Are the $697 Payments?
The $697 figure relates to monthly benefits provided through Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). These programs are designed to help individuals with limited income or qualifying disabilities, but the amount varies depending on your situation.
Who Is Eligible for $697 Payments?
Eligibility for these payments is determined by your participation in SSI or SSDI programs:
- SSI Requirements:
- Age 65+, blind, or disabled.
- Limited income and resources (assets below $2,000 for individuals or $3,000 for couples).
- U.S. citizenship or specific non-citizen criteria.
- SSDI Requirements:
- Sufficient work credits through jobs covered by Social Security.
- A qualifying disability recognized by the Social Security Administration (SSA).
Payment Dates
Payments are issued according to a set schedule:
- SSI Payments: Typically arrive on the 1st of each month.
- SSDI Payments: Distributed on Wednesdays, based on your date of birth:
- 1st-10th: Second Wednesday of the month.
- 11th-20th: Third Wednesday of the month.
- 21st-31st: Fourth Wednesday of the month.
Holidays and weekends can sometimes impact payment dates, so keep an eye on the calendar.
What About Universal $697 Checks?
There have been false claims that all Americans will receive $697 direct deposits. This is not true. These payments are exclusively for those who qualify under SSI and SSDI criteria. The Social Security Administration has made no announcement about universal payments.
Bottom Line
The $697 payments are part of existing Social Security programs, helping those who meet eligibility requirements. If you think you qualify or want to know more about your benefits, check the SSA’s official updates today