Ask Terry Questions Social Security Payments/Deposits

Social Security Payments/Deposits

By Terry Savage on January 15, 2025 | Wild Card

Hi Terry,
I’ve been collecting SS for about 11 years. Deposited monthly into a checking account.

I would like to split the payments into 2 checking accounts, at different banks, going forward. Will the SSA allow that. Thank You!

Terry Says

Nope. But you can set up an automatic monthly transfer from one bank account to another, after you receive your deposit.

money

ASK TERRY

a personal
finance question