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Citizens' money in Germany: It is paid out on this day of the month

2024-03-07T08:47:40.256Z

Highlights: Citizens' money in Germany: It is paid out on this day of the month.. As of: March 7, 2024, 9:33 a.m By: Lennart Schwenck CommentsPressSplit Citizens' money creates financial security for those in need. The payout is clearly regulated. But when will it be transferred to the account? Frankfurt – Citizens’ money is important support for people in financial emergencies. But how does the payout actually work? Recipients normally receive citizen's benefit for a period of 12 months.



As of: March 7, 2024, 9:33 a.m

By: Lennart Schwenck

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Citizens' money creates financial security for those in need.

The payout is clearly regulated.

But when will it be transferred to the account?

Frankfurt – Citizens’ money is important support for people in financial emergencies.

But how does the payout actually work?

Recipients normally receive citizen's benefit for a period of 12 months.

In certain circumstances, such as fluctuating income or unreasonable accommodation costs, this support may be limited to 6 months.

Payment of citizen's benefit in Germany: When the money will come

When the approval period ends, applicants must submit an application for continued approval to check whether they are still eligible.

According to the Federal Employment Agency,

you can

also submit this online or by post.

Citizen's allowance is usually paid out on the first working day of the month for that month to the recipient's specified bank account.

The clear regulations and punctual payment help recipients to better plan their financial obligations and enjoy a certain level of financial security.

Citizens' benefit in Germany: Politicians are currently engaged in a debate about the amount and calculation of social benefits © Imago Images

Citizens' money in Germany: No bank account, what now?

Alternatively, recipients can also receive a check if they do not have a bank account.

You can redeem this at a Deutsche Post or Postbank payout point.

However, it is important to note that this may incur costs that will be deducted from the citizen's allowance.

Good to know:

Financial institutions are legally obliged to set up a basic account for every citizen, including homeless people, asylum seekers and tolerated people.

These are usually significantly cheaper than other account types and are often rewarded with a starting balance of 50 euros or more.

In order to receive citizen's benefit, recipients must be able to work and in need of help.

This means they are able to work but do not earn enough to cover their living expenses.

This is referred to as the subsistence minimum, i.e. the amount that a citizen must have available at least per month in order to be able to cover the costs of living.

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Subsistence minimum in Germany: Below this you are entitled to citizen benefit

Since July 1, 2023, the basic amount for single people has been 1,402.28 euros net per month.

But not only single people, but also people who live in a community with someone who is able to work can be entitled.

The amount of entitlement to citizen's benefit can be calculated.

Information about this can be found here.

When submitting the application, the applicant's income and assets are checked.

Applicants may need to use their own resources before receiving financial support.

All information about applying and the exact requirements can be found on the

employment agency

website .

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Source: merkur

All life articles on 2024-03-07

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