Direct deposit of Social Security benefits
The graph below shows the percentage of Social Security benefit amounts
paid by direct deposit
to financial institutions. We show not only such
percentages for all payments, but we also show percentages applicable to
cycle 1 (third-of-month) payments and cycles 2, 3, 4 payments
(corresponding to payments made on the 2nd,
3rd, and 4th Wednesdays of
each month). Cyclical payments began in
June 1997, and the graph below begins with percentages for that month.
Note: The monthly direct-deposit percentages shown in the above graph can be
seen by selecting the "cyclical payment" report
for both trust funds combined.