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Contributor ⭐
February 22, 2024

how long before change in direct deposit takes affect

  • February 22, 2024
  • 3 replies
  • 3237 views

If I change my bank account for direct deposit, when will it happen?

 

    3 replies

    fffred
    Conversationalist ⭐⭐⭐
    February 22, 2024

    @ThoD648086 

     

    Mine took effect very quickly, it was processed for the next month payment. 

    this was about 14 months ago

    Contributor ⭐
    June 3, 2025

    The wait is currently 2+ months.  In March, SSA announced that changes would soon take one business day.  However, the change I requested on May 5, 2025 is not scheduled to take effect until June 19th. Because my June payment is supposed to occur on June 17th, the first time my bank will receive the money is late July, more than 2 months after I made the request.  If you try to change your direct deposit today (June 3), the website asks if you would like the change to take effect in August or September.  Ridiculous (and costing me money), but I suppose DOGE cut the I.T. department staff...

    Contributor ⭐
    June 20, 2025

    My Mom changed her bank and the change happened the following month. No lag in her payments.