Those who need to change their direct deposit information with Social Security will have to do it online or in-person.
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GOBankingRates on MSNI’m a Bank Teller: 4 Mistakes Social Security Recipients MakeNearly 65 million Americans rely on Social Security benefits to pay the bills and enhance their lifestyles in retirement.
If a surprise payment in the $6,000 range shows up in your bank account from the Social Security Administration, its legit!
Social Security will no longer let people change bank information by phone, alleging the practice is behind direct deposit fraud.
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Social Security benefits usually only change en masse in January when the new cost-of-living adjustment (COLA) takes effect.
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