Are You Eligible for the $697 Direct Deposit in May 2025? Check Payment Dates Now

What is the truth of the $697 direct deposit payment in May 2025?

There has recently been a huge amount of speculation on social media and certain sites in the US regarding the $697 direct deposit payment.” Individuals began asking themselves whether an additional payment would be received from the government next month. The people became confused, hopeful, and excited over this. Unfortunately, however, the reality is that there isn’t currently an official or credible government payment program by this title.

Actually, this amount might have been formed by mixing the amounts of numerous various schemes or by misunderstanding, because of which this news went viral. However, the respite is that numerous actual and genuine government and state-level financial aid schemes are operational in May 2025, from which deserving individuals can avail.

1. IRS Recovery Rebate Credit

If you did not get the third stimulus payment in 2021, then now you can claim the “Recovery Rebate Credit” via the IRS.

Amount: Up to $1,400 can be obtained per eligible individual.

Eligibility:

• The income of a single person should be under $75,000.
• Married individuals should have a combined income of under $150,000.
• 2021 tax return must be submitted.

How ​​to claim:

• Complete Form 1040 and include the Recovery Rebate Credit worksheet.

2. Alaska’s PFD (Permanent Fund Dividend)

Residents in Alaska receive a unique sum each year from the oil revenues of their state, referred to as PFD.

• Amount: $1,702 to each eligible citizen in 2025.
• Payment date: May 15, 2025
• Requirements:
  • Applied within time
  • Alaska resident

3. Social Security and SSI payments

If you are an SSI or Social Security beneficiary, you will get a payment in May on the same day as each month.

Payment dates:

• Birthdays 1st through 10th: May 9
• Birthdays 11th through 20th: May 15
• Birthdays 21st through 31st: May 23

Payment method: through direct deposit or prepaid debit card.

What is the real reason behind the $697 rumor?

So where did this $697 figure originate?

According to our research and official sources, this amount is likely a combination of several different plans, such as

• Sacramento’s “Family First” plan, which pays $725 per month.
• Averaged calculations based on incomplete tax information.
• Rumors spread on social media and non-governmental blogs.

More reliable plans active in May 2025

Family First Guaranteed Income Program (Sacramento)

This is a form of Universal Basic Income program that offers monthly cash benefits to some families.

Amount: $725 per month or $8,700 per year

Eligibility:

• Families residing in Sacramento County
• With children aged 0–5
• Who are Black, African American, American Indian, or Native American?
• Income should be below 200% of the federal poverty line.

Refund Season

May is the largest tax refund month. A lot of Americans get cash from the IRS and state tax authorities this time.

Typical tax refund: $2,753 (as per the IRS)

Refund receipt time: Approximately 21 days through e-file and direct deposit.

How ​​to know if you’re eligible for help?

Step 1: Visit the IRS website (irs.gov)—track status with ‘Where’s My Refund’ and ‘Get Transcript.’

Step 2: Open a “My Social Security” account on the Social Security website and locate payment details.

Step 3: Visit your state’s benefits portal (e.g., Department of Revenue or Human Services) and determine what help you can obtain.

Step 4: For local programs, visit the website of your municipal corporation or community center.

Conclusion:

There is no government plan called “$697 Direct Deposit Payment,” but there are numerous real and genuine financial plans operating in May 2025. If you receive information promptly and accurately, you can also benefit from these plans.

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