Direct deposit is a simple, fast, and secure way to receive payments, and it's free. These payments can be deposited directly into a bank account, savings and loan, credit union, or on a pre-paid debit card. Direct deposit payments are normally posted to accounts no later than the first business day of each month, but the actual date when you will receive your payment will depend on your financial institution. If the first of the month falls on a weekend or holiday, direct deposit payments will usually post before the first of the month. Direct deposit is available only if your account is with a U.S. financial institution. Apply for direct deposit.
PBGC mails paper checks before the first of each month. However, PBGC cannot guarantee delivery on the first of the month. Normal mail delays, delays due to inclement weather or other uncontrollable events may result in checks being delivered later. If you have a bank account, we encourage you to choose direct deposit. It’s fast, free and a secure way to receive payments. For more information visit the Apply for direct deposit web page.
The table below shows payment dates through December 2019 when direct deposit payments will be delivered and when paper checks, dated the first of the month, will be mailed. Direct deposit payments are usually available sooner than paper checks.
|Payment Month||Direct Deposit Payment Date||Check Mail Date|
|November 2018||November 1, 2018||October 27, 2018|
|December 2018||November 30, 2018||October 29, 2018|
January 2, 2019
|December 27, 2018|
|February 2019||February 1, 2019||January 29, 2019|
|March 2019||March 1, 2019||February 26, 2019|
|April 2019||April 1, 2019||March 27, 2019|
|May 2019||May 1, 2019||April 26, 2019|
|June 2019||May 31, 2019||May 29, 2019|
|July 2019||July 1, 2019||June 26, 2019|
|August 2019||August 1, 2019||July 29, 2019|
|September 2019||August 30, 2019||August 28, 2019|
|October 2019||October 1, 2019||September 26, 2019|
|November 2019||November 1, 2019||October 29, 2019|
|December 2019||November 29, 2019||November 26, 2019|