My name is***** and I will be helping you with your question today. This is for informational purposes only and does not establish an attorney client relationship.
If you already receive benefits, it is very easy to change your banking account information by logging on or signing up for "my social security"(https://www.ssa.gov/myaccount/). You can change your direct deposit by:
(1) Setting up a my Social Security account and starting or changing your direct deposit online (Social Security benefits only);
(2) Contacting your bank, credit union or savings and loan association; or
(3) Calling Social Security at 1-***-***-****. (If they did not correctly change your info the first time, you should call them back and confirm your banking information).
It is really very easy to online with the "my Social Security" account and I would recommend changing ti this way. You can start, view, and change your direct deposit information of record via the My Profile Tab on "my Social Security". In addition, you can decide when your change will take effect.
If you are over age 66, your benefits will not be adjusted for any income (full retirement age). If you are age 62-66 then it can be adjusted if you earn over $15,720. If you are under full retirement age for the entire year, social security will deduct $1 from your benefit payments for every $2 you earn above the annual limit. We are justanswer.com and cannot check that for you and you will need to check with SSA for this.
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