Direct deposit gives you quick, automatic access to funds from a payment, like a paycheck or a Social Security check, that's transferred electronically from a payer's account to your bank account.
Social Security payments are issued according to a schedule that depends on your birth date. This payment date is part of the monthly staggered payment schedule designed by the Soc ...
(The same electronic transfer system that processes your refund is used to transfer 98% of Social Security and ... when your tax refund check is sent in the mail. Direct deposit is also cheaper.