Ssa to change direct deposit 2025

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SSI amounts for 2025 The monthly maximum Federal amounts for 2025 are $967 for an eligible individual, $1,450 for an eligible individual with an eligible spouse, and $484 for an essential person.
Cost-of-Living Adjustment (COLA) Information for 2025 The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $176,100. The earnings limit for workers who are younger than full retirement age (see Full Retirement Age Chart) will increase to $23,400.
Those who need to update their direct deposit information or make other bank account changes with the agency will have two options: Online: Using two-factor authentication via their my Social Security account. In-person: Visiting a local Social Security office to prove their identity.
In the past month, the Trump administration has announced a flurry of changes at the agency that administers Social Security. Among these changes are plans to cut thousands of jobs, close offices and enact new policy including more stringent identity checks that could require in-person office visits.