The first round of July Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, goes out to recipients on Wednesday. When does the check arrive? Social Security payments typically begin on the second Wednesday of every month,

Millions of Americans will receive their monthly Social Security checks next week, with those receiving the maximum retirement benefit set to bring in more $5,000.

July's second round of payments will soon be headed out to recipients. Here's the monthly payout schedule and how your payment date is determined.