The most convenient way to change your direct deposit information with us is by creating a my Social Security account online at www.ssa.gov/myaccount. Once you create your account, you can update your bank information from anywhere. Show
We are committed to protecting your personal information, so we take steps to verify who you are. If you already have an account, we verified your identity when you created your personal my Social Security account. If you can’t remember your username or password, don’t worry. At the sign-in screen select Forgot Username or Forgot Password and follow the simple but secure steps to reset them. When you are ready to change your direct deposit, we highly recommend that you do not close your old bank account until you have seen your Social Security deposit show up in the new bank account. We always strive to put you in control by providing the best experience and service no matter where or how you decide to do business with us. Remember, you can do much of your business with us online at www.ssa.gov/onlineservices. FREQUENTLY ASKED QUESTIONS Question: I will rely on Medicare when I retire. Can you explain the different parts of Medicare? Answer: The different parts of Medicare cover your specific needs. There are four parts, all of which work in tandem to deliver healthcare services: • Part A (hospital insurance): Helps pay for inpatient care in a hospital or skilled nursing facility (following a hospital stay), some home health care, and hospice care. • Part B (medical insurance): Helps pay for doctors services and many other medical services and supplies that hospital insurance doesn’t cover. • Part C (Medicare Advantage plans): If you have Medicare Parts A and B, you can join a Medicare Advantage plan. Private companies offer Medicare Advantage plans, which are approved by Medicare. These plans generally help you pay the medical costs not covered by Medicare Part A and B. • Part D (prescription drug coverage): Helps pay for medications doctors prescribe for treatment. Question: I understand you must have limited resources to be eligible for Extra Help with Medicare prescription drug costs. What does this mean? Answer: Resources include the value of the things you own. Some examples are real estate (other than your primary residence), bank accounts, including checking, savings, and certificates of deposit, stocks, bonds, including U. S. Savings Bonds, mutual funds, Individual Retirement Accounts (IRA), and cash you have at home or anywhere else. To learn more about Extra Help, and to apply online, visit www.ssa.gov/prescriptionhelp. Question: I lost my Medicare card. How can I get replacement? Answer: The easiest and newest way to get a replacement Medicare card is by using your my Social Security account. Go to www.ssa.gov/myaccount for more information on how to create an account. You also can get a replacement Medicare card by calling us toll-free at 1-800-772-1213 (TTY 1-800-325-0778). Keep your card in a safe place. You don’t want anyone getting hold of your Social Security number. They could steal your identity. Question: Is it true that if you have low income you can get help paying your Medicare premiums? Answer: Yes. If your income and resources are limited, your state may be able to help with your Medicare Part B premium, deductibles, and coinsurance amounts. State rules vary on the income and resources that apply. Contact your state or local medical assistance, social services, or welfare office, or call the Medicare hotline, 1-800-MEDICARE (1-800-633-4227), and ask about the Medicare Savings Programs. If you have limited income and resources, you also may be able to get help paying for prescription drug coverage under Medicare Part D. Call Social Security at 1-800-772-1213 (TTY 1-800-325-0778) or visit any Social Security office. Also, see our publication, Medicare, at www.ssa.gov/pubs/10043.html. For even more information, visit www.ssa.gov. Question: I have medical coverage through my employer. Do I have to take Medicare Part B? Answer: You are not required to take Medicare Part B if you are covered by a group healthcare plan based on either your employment or the employment of a spouse. When your coverage ends, you may contact Social Security to request a special enrollment for Medicare Part B. We will need to verify your coverage through your employer in order for you to be eligible for a special enrollment. For more information, visit www.medicare.gov. — Vonda Van Til is the Public Affairs Specialist for West Michigan. You can write her c/o Social Security Administration, 3045 Knapp NE, Grand Rapids MI 49525 or via email at . Download Article Practical information to help you get your Social Security benefits in the account where they belong Download Article Starting in 2013, a new law went into effect that requires all Social Security benefits to be deposited electronically in a bank account. If you need to make changes to your direct deposit information, you can do so either online or over the phone. If you no longer want direct deposit, you may request a waiver. Waivers are only granted for limited reasons.[1]
Advertisement
Advertisement
Advertisement Add New Question
See more answers Ask a Question 200 characters left Include your email address to get a message when this question is answered. Submit Advertisement Video
Advertisement ReferencesAbout This ArticleArticle SummaryX To change your Social Security direct deposit online, start by gathering your bank numbers and social security card, then logging into your account on the Social Security website. Once you're logged in, click the "direct deposit" link and enter the updated information you want to use. Then, double-check your documents to make sure you've entered everything in correctly before you press submit. When you're ready, submit your changes. From here, you should see a pop-up box confirming that your changes have successfully been made. If the page gives you the option to print a confirmation, consider printing it for your records. For more tips, including how to change your Social Security direct deposit over the phone, keep reading! Did this summary help you? Thanks to all authors for creating a page that has been read 237,262 times. Reader Success Stories
Did this article help you?Can I change my direct deposit information with Social Security online?If you already receive benefits (retirement, survivors, or disability) and you have a bank account, you can start or update your direct deposit by using the My Profile Tab in my Social Security. In addition, you can decide when your change will take effect.
How do I change my Social Security direct deposit to another bank account?Log in to your account.. Sign in and Select the blue Benefits & Payment Details link on the right side of the screen.. Scroll down and select the Update Direct Deposit button, and choose if you are the owner or co-owner of the bank account.. Enter your bank account information and select Next.. Can I change my Social Security direct deposit over the phone?Once you create your account, you can update your bank information without leaving the comfort of your home. Another way to change your direct deposit is by calling Social Security at 1-800-772-1213 (TTY 1-800-325-0778) to make the change over the phone.
How long does it take to change direct deposit bank for Social Security?How Long Does It Take to Change to Direct Deposit with Social Security? Once you sign up (regardless of the method), it takes 30 to 60 days for any direct deposit changes or new accounts to take effect. Make sure you don't close or switch your bank account before you see that first successful deposit.
|