In recent weeks, rumors have been circulating about a $697 direct deposit hitting bank accounts across the country. Many people have been wondering: Is this a new government program? Is it a one-time payment? And most importantly—do I qualify for it?
Let’s break down the facts.
Is There Really a $697 Direct Deposit?
The short answer is no—there is no official government program sending out $697 checks to all Americans. The confusion likely comes from misunderstandings about existing benefit programs like Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI).
Some recipients of these programs may receive payments close to $697, but it’s not a universal amount or a new stimulus check.
Who Actually Gets Payments Like This?
If you’ve heard about $697 direct deposits, it’s likely linked to SSI or SSDI benefits. These programs are designed to help low-income individuals, seniors, and people with disabilities. Here’s a quick look at how they work:
SSI (Supplemental Security Income): This program provides financial assistance to low-income seniors and disabled individuals. The exact amount you receive depends on your income and living situation.
SSDI (Social Security Disability Insurance): This is for people who have worked and paid Social Security taxes but are now unable to work due to a disability. Payments are based on your past earnings.
For some people, their benefit payments might add up to around $697, but there is no set amount for everyone.
How to Know if You Qualify
If you’re wondering whether you could be eligible for SSI or SSDI, here’s what you need to check:
For SSI: You must be 65 or older, blind, or disabled and have very limited income/resources. For SSDI: You must have a qualifying disability and have worked long enough to earn Social Security work credits.
Not sure if you qualify? The best way to find out is by visiting the Social Security Administration’s website (ssa.gov) or calling 1-800-772-1213. You can also visit your local SSA office to apply in person.
Beware of Scams!
Because of the buzz around the $697 deposit, scammers are already taking advantage of the confusion. Be on the lookout for:
Emails or calls claiming you must “pay a fee” to get your $697 check.
Websites asking for your Social Security number or bank details in exchange for “faster processing.”
Fake government notices promising a one-time payment if you “act fast.”
Remember, the government does not randomly send out payments without proper eligibility and verification. Always double-check information from official sources.
Bottom Line
If you’ve been waiting for a $697 direct deposit, the truth is that there’s no new program offering this payment to everyone. However, government benefits like SSI and SSDI do provide financial assistance to those who qualify.
Instead of falling for misinformation, stay informed by checking official government sites and avoiding scam tactics. If you believe you’re eligible for benefits, reach out to the SSA and apply through their trusted channels.
