$697 Deposit Hitting Accounts in June: If you’ve heard talk about a “$697 direct deposit” arriving in June 2025, you might be wondering if it’s a new stimulus check or a special payment. Let’s clarify: this amount represents the average monthly benefit for recipients of Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), adjusted for the 2.5% Cost-of-Living Adjustment (COLA) effective from January 2025.
$697 Deposit Hitting Accounts in June
The “$697 direct deposit” in June 2025 is not a new stimulus check but reflects the average monthly benefit for SSI and SSDI recipients, adjusted for the 2.5% COLA implemented in January 2025. Understanding the payment schedule and eligibility criteria is crucial for beneficiaries to manage their finances effectively.
| Topic | Details |
|---|---|
| Payment Amount | $697 (average SSI/SSDI monthly benefit) |
| Eligibility | Low-income seniors, disabled individuals, and those with limited resources |
| June 2025 Payment | SSI: May 30, 2025 (early due to June 1 falling on a Sunday) |
| SSDI: Based on birth date (see schedule below) | |
| COLA Increase | 2.5% Cost-of-Living Adjustment effective January 2025 |
| Official Source | Social Security Administration |
Understanding the $697 Deposit Hitting Accounts in June
The “$697” figure isn’t a one-time stimulus check or a new government program. Instead, it represents the average monthly benefit that recipients of Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) receive. This amount reflects the 2.5% Cost-of-Living Adjustment (COLA) that took effect in January 2025, aimed at helping beneficiaries keep up with inflation.
Who Qualifies for SSI and SSDI?
Supplemental Security Income (SSI)
SSI is designed to assist individuals who are aged 65 or older, blind, or disabled, and who have limited income and resources. Eligibility criteria include:
- Income Limits: Countable income below $943/month for individuals.
- Resource Limits: Assets not exceeding $2,000 for individuals or $3,000 for couples.
- Citizenship: U.S. citizens or certain lawful permanent residents.
Social Security Disability Insurance (SSDI)
SSDI benefits individuals who have a qualifying work history and are now unable to work due to a disability. Eligibility criteria include:
- Work Credits: Sufficient credits from prior employment.
- Disability: Severe, long-term disability preventing substantial gainful activity.
- Medical Evidence: Documentation proving the disability meets SSA’s criteria.
June 2025 Payment Schedule
SSI Payments
SSI payments are typically disbursed on the 1st of each month. However, since June 1, 2025, falls on a Sunday, the payment will be made on Friday, May 30, 2025.
SSDI Payments
SSDI payments are scheduled based on the beneficiary’s birth date:
- Birth Date 1st–10th: Payment on Wednesday, June 11, 2025.
- Birth Date 11th–20th: Payment on Wednesday, June 18, 2025.
- Birth Date 21st–31st: Payment on Wednesday, June 25, 2025.
For those who began receiving benefits before May 1997 or who also receive SSI, payments are made on the 3rd of each month.
Practical Advice for Beneficiaries
- Plan Ahead: With the early SSI payment in May, ensure you budget accordingly, as there will be no SSI payment in June.
- Monitor Your Account: Set up alerts with your bank or financial institution to notify you when deposits are made.
- Stay Informed: Regularly check the SSA website for updates on payment schedules and benefit changes.
- Beware of Scams: The SSA will never call or email you asking for personal information or payment.
Cost-of-Living Adjustment (COLA) Details
The 2.5% COLA implemented in January 2025 aims to help beneficiaries keep pace with inflation. This adjustment increased the maximum federal SSI payment to $967 for individuals and $1,450 for couples.
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Frequently Asked Questions (FAQs)
Q1: Is the $697 payment a one-time stimulus check?
A: No, the $697 figure represents the average monthly benefit for SSI and SSDI recipients, not a one-time payment.
Q2: Why am I receiving two SSI payments in May 2025?
A: Since June 1, 2025, falls on a Sunday, the SSA issues the June payment on the preceding business day, which is May 30, 2025. This results in two payments in May and none in June.
Q3: How can I check my payment status?
A: You can create a “my Social Security” account at SSA.gov to monitor your benefits, update personal information, and more.
Q4: What does “SSA TREAS 310 XXSOC SEC” mean on my bank statement?
A: This code indicates a direct deposit from the Social Security Administration, encompassing SSI, SSDI, retirement, or survivor benefits.
Q5: How do I apply for SSI or SSDI benefits?
A: Applications can be initiated online at SSA.gov or by calling the SSA at 1-800-772-1213 to schedule an appointment.
