if you get ssi can they check your bank account?

Question

if so do they check the balance or all activity on that account?

Answer 1

if they have a court order to see it ?

Answer 2

SSI does not check people's accounts every month, but they can require you to provide verification of your resources at ANY TIME they want to. Since SSI is a program that is based on need, you need to make sure you are below the resource limit. Don't even go over by $1.00. That one dollar can make you ineligible for EVERY MONTH that you are over 2K, and you could be hit with a large overpayment. What happens is the IRS notifies the SSA when someone on SSI earns interest income. It is called an IRS alert,and it Is legal. The IRS also notifies the SSA for other types of income or resources such as BONDS or LIFE INSURANCE. People think they can hide resources away, but as long as your SS# is attached to it, the SSA will find out about it. It may be a month down the road, or 5 years down the road, but the SSA WILL find out about it. When the SSA finds out they will figure out how many months you were over the resource limit, and they WILL have you pay them back (overpayment). Sometimes you are allowed to save more than 2K for certain types of work related goals, if you have work related goals look into the PASS program. You can also set aside money for burial in an irrevocable burial contract, that money does not count toward your 2K limit. Good luck!!

Answer 3

Some states do not let anyone check your account unless they are authorized by you. Other states do. If your tell SSI that your a saving to get another car because you car is on the last leg. They will not count it against you. Any extra money you have left or sell the other car is counted. Burial saving account is allowed as well to pay for the funeral.

Answer 4

I believe that it is illegal for the bank to give them your account details without consulting you and without your consent. The only way a bank would give out your bank info, is if they suspect you are breaking some kind of law or doing something illegal.

However, they would still send you a letter letting you know that your account is being used for an investigation etc. For the most part, banks don't give a crap as long as they are making profits from you. Not even Saddam's big, private banks gave a crap that he was killing innocent Iraqis and using his countrymen's funds for his own benefit. Those banks were happy to be making profits from Saddam's deposits.

Answer 5

yes they can! although the amount doesn't get "flagged" with social security UNLESS you have more than $1,999.99. Once you hit $2000.00 bucks SSI is notified so always stay under the limit!

Answer 6

they have no right to check your account, your bank should not be giving any information to anyone except for you