I've had a Rep Payee account for 5 yrs, with a local credit union. My mom's SS checks, Retirement checks and Checks from her savings go into it. I write checks to pay her bills. Today I waited 45min in a drive-through (20min my turn). I was told that this is a Rep Payee account & it is used for Social Security only. I have requested to speak to the manager tomorrow.
Have the last 5 yrs been in error, is this new, or are they wrong now?
A representative payee is an individual or organization appointed by SSA to receive Social Security and/or SSI benefits for someone who cannot manage or direct someone else to manage his or her money. The main responsibilities of a payee are to use the benefits to pay for the current and foreseeable needs of the beneficiary and properly save any benefits not needed to meet current needs. A payee must also keep records of expenses. When SSA requests a report, a payee must provide an accounting to SSA of how benefits were used or saved.
NOTE: Having power of attorney, being an authorized representative or having a joint bank account with the beneficiary is not the same thing as being a payee. These arrangements do not give legal authority to negotiate and manage a beneficiary’s Social Security and/or SSI payments. In order to be a payee a person or organization must apply for and be appointed by SSA.
A bank clerk/teller should remain a bank clerk/teller.
They are not qualified to interpret SS laws, rules, regs.
Fuming, if in anyone's wild imaginings, this becomes true!
😵😡🤔🤬🥵️🥺️🤯☹️😤😠😰😒😞😣😓
P.S. I just wanted a chance to use all the angry little emoji's, lol.
If the rules have changed, I want to know. Maybe, as a caregiver, we have to be legally all things to all people? At all times.
I have a feeling you may have gotten a new clerk.
I think that the issue may be that being Rep Payee ONLY authorizes you to manage the SS benefit, NOT other monies. So if the rep payee doesnt have POA or guardianship, it would mean that only SS could go into that account.
I am going to see about routing her electronic payments & deposits through her Ed Jones account.