As part of signing up for Charlie, you authorize future Social Security payments to be deposited into your Charlie Account. Charlie then sends a secure, electronic request to the Social Security Administration, which typically takes 1-2 weeks to process.
You will receive notifications from both Charlie and the Social Security Administration once the update is complete, confirming that future payments will go to your Charlie Account! The destination of your direct deposit will be listed as Sutton Bank on SSA.gov, which is our partner bank. Charlie Accounts are insured up to $250,000 through Sutton Bank, Member FDIC.
In the meantime, you will continue to receive Social Security payments to your current account on file with the Social Security Administration.
Social Security payments 3-5 days early
No fees. No interest.
Move your Social Security Direct Deposit over to Charlie and no matter when you receive payments, Charlie will make your payment available 3-5 days early.