Friday, June 2, 2023

Social Security: how to withdraw your benefits one month before they arrive? It is possible with banks

Senior citizens wait every month for the deposit of their benefit, which usually represents a good portion of the income they live on from day to day. If you have any financial difficulties, it is always good to know that someone who can help you to improve your income comes from the Social Security Administration.

One of these options is Charlie, a neobank that specializes in financially helping seniors living in the United States. It is almost a new company, since it was launched in the market a few weeks ago. One of its great benefits is that it allows you to withdraw your Social Security benefits up to four weeks in advance.

Will there be any cost for this service?

There is no point in that. Withdraw advance payments is a service that is offered free of charge and is available to customers who link their Social Security direct deposits with Charlie Savings accounts.

This is of great interest to American retirees. According to figures from the Social Security Administration, 37% of men and 42% of women receive 50% or more of their income from the administration. it is also estimated that around 12% of seniors and 15% of women in this age group depend on social security for 90% or more of their income.

“It’s a good tool for our company as well.” [porque] First, we can provide access to a payment made by the US government,” Charlie CEO and co-founder Kevin Nazemi told Banking Dive, reports GoBanking Rates.

“We are not dealing with 50 payroll systems and a thousand mice. We are dealing with the Social Security Administration as a matter that must meet its obligation to provide that money,” he added in the interview.

The request to make Social Security payments in the first month will be effective as the 1st of each month, from which point Charlie will pay all funds directly to the account. When the SSA made a personal deposit for the month that was advanced, Charlie will take that return to recover it.

How do you get access to Charlie?

Charlie’s approach is very simple, you can find it as an application available for iPhone and Android systems, as well as a desktop tool.

“We believe a growing number of people in the 62+ community prefer a tailored solution to their unique needs,” said Kevin Nazemi.

“The pandemic has required the use of technology to access healthcare services and communicate with loved ones. If anyone retired in the last few years, their goodbye party was probably on Zoom.


I would also like you;

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here