Social Security Benefits Explained: Who Qualifies for the $697 Payment?

Recently, you might have come across buzzworthy headlines claiming $697 direct deposits are being sent to people across the U.S. It’s easy to get caught up in the excitement, especially if you’re expecting financial relief. But here’s the truth: There’s no special $697 check being issued to everyone. This payment is actually tied to Social Security and Supplemental Security Income (SSI) benefits, and it’s not a one-size-fits-all payout.

Let me walk you through what’s really happening, who’s eligible, and how you can make sure you’re getting what you’re entitled to.

What’s the Deal with the $697 Direct Deposit?

The talk of $697 direct deposits comes from people receiving Social Security or SSI benefits. These programs provide monthly payments to retirees, disabled individuals, and low-income families. For some beneficiaries, their monthly deposit just happens to be around $697.

But here’s the catch: This isn’t a bonus check or a new government program. It’s a standard payment based on the recipient’s eligibility and financial situation. Some people receive this amount, while others get more—or less—depending on their circumstances.

How Much Will You Actually Receive?

Although $697 is a common payment amount, it’s not the same for everyone. Here’s what determines how much you’ll get:

Social Security Retirement or SSDI: Your payment depends on your earnings history. The longer you worked and the more you earned, the higher your monthly benefit. Some people receive well over $1,000 per month.

SSI Payments: The federal base amount for SSI in 2025 is $914 per month for individuals, but your actual payment can vary based on factors like other income and living arrangements.

Want to see exactly how much you’re entitled to? You can log in to the my Social Security account to review your benefits.

How to Apply for Benefits If You Haven’t Already

If you think you’re missing out on payments like the $697 deposit, here’s how to apply:

1. Visit the SSA Website: Head to ssa.gov to apply online or find information about applying in person.
2. Gather Important Documents: You’ll need to provide your Social Security number, proof of income, and medical records (if applying for disability).
3. Submit Your Application: Follow the instructions online or visit your local SSA office for help.

 Pro Tip: If you’re unsure whether you qualify, contact the SSA directly for guidance—they’re there to help!