In most cases, RRB annuity payments are deposited directly into the applicant's checking or savings account at their financial institution. Therefore, when filing for an annuity, bring the following: your checkbook or a voided check; your bank statement; or the name, location, and telephone number of your financial institution. This will allow the field office representative to properly route your payment.
The first payment which you receive from the RRB will include all back payments which are due. This payment may be received at any time during the month.
Payments issued after the back payment will be deposited into your account on the first day of the month. If the first day of the month falls on a Sunday or a holiday, the payment will be made on the next business day. The payment which is deposited at the beginning of the month actually represents the annuity which was due for the previous month.
In some situations, you can request that payments be made by check mailed to your home address.