Starting or Changing Your Social Security Direct Deposit Account




No More rushing to the Bank

Starting Your Direct Deposit Account: If you plan to apply for Social Security benefits, you will be subject to a new law that went into effect March 1, 2013, requiring that you receive your Social Security payments electronically. Treasury can grant exceptions in rare circumstances. Find out if you qualify for an exception at .

The following are the four ways you can start your Direct Deposit Account:

  1. If you qualify to receive benefits, you can create a my Social Security account, located at, and start or change your Direct Deposit Account online.
  2. You can sign-up at your bank, credit union, or savings and loan.
  3. Contact the Social Security Administration (SSA) at 1-800-772-1213 (TTY 1-800-325-0778) between 7 a.m. to 7 p.m., Monday through Friday.
  4. Visit or call your local SSA office.

Changing Your Direct Deposit Account: The SSA provides a secure Web environment where you may change your direct deposit information. Through their site, you may change your current Direct Deposit Account to another account or financial institution. To utilize this service, you must establish a password at the Social Security site called my Social Security, located at . You can also call or visit your financial institution to change your Direct Deposit Account.

Currently the SSA system only allows direct deposit to a single account. Your financial institution may provide services that allow you to transfer deposited funds to multiple accounts.

About ksindell

Kathleen Sindell, Ph.D. is the author of numerous academic, popular, and professional finance articles, Web sites, proposals, and books. This includes the bestselling reference book, "Investing Online for Dummies, Eds 1-5" (listed for two consecutive years on the Wall Street Journal's Bestselling Business Book List). Her most recent book "Social Security: Maximize your Benefits" has been listed in Amazon's Top 100 Bestselling Retirement Planning Books. It is important to note that "Social Security: Maximize Your Benefits, 2nd Edition" was just released. Sindell has an in-depth understanding of the financial services industry and has held Series 7, 63, and 65 licenses. Dr. Sindell is regularly tapped as a financial services expert on ABC World News, The Nightly Business Report, and at popular online and print outlets. Kathleen Sindell, Ph.D. is a member of the Board of Directors for the Financial Planning Association, National Capital Area (FPA NCA), is on the Editorial Advisory Panel of the Journal of Financial Planning, and is Co-Chair of the Metro Washington Financial Planning Day. Sindell is a Course Chair II, CFP Program Academic Officer, and adjunct full-professor at the University of Maryland, UMUC, School of Undergraduate Studies. Contact Information: or 703-299-1700
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