- April 23, 2024
- Posted by: legaleseblogger
- Category: Related News
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On ssdi, it doesn’t matter. You can have a million dollars and it’s fine. But money has to go into a rep payee account
As much as you can. You can open more than one “rep. payee” acct. Whatever beneficiary funds you are managing as the rep. payee must be in a correctly titled account(s). It’s actually recommended that if there are conserved funds to place them interest-bearing bank accounts.
It is covered in detail in this SSA publication –
For SSDI benefits you don’t have to worry about having too much in any and all accounts like SSI – Yes, all their accounts have to be Rep-Payee titled accounts – that shows who’s money it is.
[https://www.ssa.gov/pubs/EN-05-10076.pdf](https://www.ssa.gov/pubs/EN-05-10076.pdf)