Not everyone will get the US $697 Direct Deposit Checks (it will be something similar to SSI or SSDI and targeted at older, disabled people on low incomes). This post outlines qualifications, the best way to apply and payment schedules every month. Although not fully appreciated, those are means tested payments. Find out who is eligible, and how to apply and when payments will occur.
There has been a lot of excitement and confusion around the $697 direct deposit checks as people are wondering whether they qualify for help. Only some people are eligible for this payment but it could be good news for certain groups.
These payments are typically part of existing programs like Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). In this article, we will explain how to determine if you are eligible for the second round of stimulus payments, and when they will be distributed, along with other resources.
What is the $697 Direct Deposit Check?
The $697 direct deposit isn’t anything like another round of stimulus checks for all Americans, rather it’s related to targeted aid programs such as Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). Some of these programs are designed to help vulnerable populations, like low-income families, seniors and those with disability.
The government helps reduce financial burden for eligible recipients with the help of these monthly pension payments, thereby helping with basic living expenses.
These payments have very specific criteria that are based on income levels. Knowing what this money is designed to do and the criteria for eligibility can give some clarity as to who will get any of this financial support.
US $697 Direct Deposit Checks Payment Eligibility criteria
The $697 direct deposit eligibility criteria is associated with age, earnings, disability status and US citizenship. Below will show the eligibility Criteria:
- The most common recipients of SSI are those people 65 or over, but anyone who has a clear disability that affects their ability to work could qualify if they earn less than the maximum monthly payout.
- It includes individuals with disabilities or blindness of any age if they meet the income limit.
- Cash programs like SSI usually have very low incomes to qualify. This is because SSI usually has a $2,000 resource limit for an individual and a $3,000 limit for married couples.
- To receive federal student loans and aid, you have to be a U.S. citizen or an eligible non-citizen.
- An individual who is 45 years old, having a severe disability and are unable to work, without any particular assets could also be eligible.
- A low-income single mother who has zero income other than a minimal wage might qualify for income-based assistance programs such as SSI.
US $697 Direct Deposit Checks Apply Online
Follow these steps to apply over here:
- First, you can confirm your eligibility on the official Social Security Administration (SSA) website.
- One of the best online resources helps to simplify things with a tool that automatically delivers the eligibility requirements for your area based on age, income, disability and more.
- Proof of U.S. citizenship or lawful residency Income documentation of any qualifying disability.
- You can apply online on the SSA website, or at an SSA office in your location.
- It is easy to do this online, but you can get valuable tips by visiting an office as well.
- Application processing times will differ, so return to your account through SSA to monitor the status of your application or speak directly with an SSA representative.
US $697 Direct Deposit Checks Payment Schedules
Furthermore, recipients would be able to budget better by knowing when payments are being made. SSI and SSDI payments are made on different schedules. SSI benefits are typically paid on the 1st of the month. Here’s When You’ll Get Your Payment:
- A payout is for the second Wednesday of each month. ( 1st–10th of the month ).
- Payments get to your bank on the third Wednesday every month. ( 11th–20th of the month ).
- Payments get to your bank on the fourth Wednesday every month. ( 21st–31st of the month ).
Receive the US $697 Direct Deposit Checks Payment
Depending on the program, the timing of payments can vary greatly.
Federal Payments
Payments from the IRS will be made for federal programs after eligibility is determined and returns or claims are processed. It may take a few weeks to a couple of months before you receive this, as it depends on your tax filing status and how soon in the year you filed taxes.
Direct Deposit: Once the program gets underway, if the IRS has your direct deposit information you may receive payment just days after.
Paper Check: If the IRS does not have your bank account information then youll get a paper check in the mail.
State Payments
Payments will be issued on a rolling basis by state with some prioritizing electronic payments. For example: California sent out its Middle Class Tax Refund in late 2022 and into early 2023, paying taxpayers across multiple waves.
