Millions of Americans alert, the United States SSA confirms it: 'It can...'

The United States Social Security Administration (SSA) has clarified a common question among beneficiaries: is it possible to split the direct deposit of benefits into two bank accounts?

The official answer is clear: currently, the SSA's system allows the direct deposit to be made only into a single bank account, whether it is a checking account, savings account, or a prepaid card.

US Social Security is adamant: can a direct deposit be split?

The SSA has explained that its payment infrastructure is not designed to split a single benefit between multiple accounts. This technical limitation means that when setting up the direct deposit, only one account can be selected to receive the funds.

Although the SSA doesn't allow splitting the direct deposit between two accounts, beneficiaries have the option to authorize their financial institution to automatically transfer a portion of the funds to another account once the deposit is received.

This process, known as automatic transfer or scheduled transfer, allows the funds to be distributed according to the beneficiary's preferences. To do this, it is necessary to contact the bank and establish specific instructions for the transfer.

How to carry out this option? The SSA responds

To implement this solution, the beneficiary must contact their bank or credit union. Request the setup of an automatic transfer from the account receiving the SSA direct deposit to another desired account.

Specify the amount or percentage to be transferred and the frequency of the transfer (e.g., monthly). It is important to make these arrangements in advance to ensure that the transfers are made timely and as planned.

Additional considerations: equally important

Some banks may charge fees for setting up or keeping automatic transfers. It is advisable to consult with the financial institution about possible associated costs.

It is essential to monitor the accounts regularly to ensure that the transfers are made correctly and that the funds are available as expected. If you wish to change the primary direct deposit account with the SSA, it can be done through the "my Social Security" online account or by calling 1-800-772-1213.

That being said, although the SSA doesn't allow direct splitting of deposits between two accounts, beneficiaries can achieve this through arrangements with their bank. This solution offers flexibility to manage funds according to individual needs.