Bank 银行

Relationship Banker

Sherman Oaks, California

Posted 09/08/23

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Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:
This role is responsible for engaging clients in the lobby to educate and assist with conducting transactions through self-service resources such as mobile banking, online banking, or ATM. This role also accurately and efficiently processes cash transactions for clients as needed. Relationship bankers have deep conversations with clients to gain in-depth knowledge of their financial and life priorities.A Relationship Banker (responsibilities):
• Executes the bank's risk culture and strives for operational excellence
• Builds relationships with individual clients to meet their financial needs
• Follows established processes and guidelines in daily activities to do what is right for clients and the bank, adhering to all applicable laws and regulations
• Grows business knowledge and network by partnering with experts in small business, lending and investments
• Manages financial center traffic, appointments and outbound calls effectively
• Drives the client experience
• Manages cash responsibilitiesYou're a person who (required skills):
• Is an enthusiastic, highly motivated self-starter with a strong work ethic and intense focus on results, acting in the best interest of the client.
• Collaborates effectively to get things done, building and nurturing strong relationships.
• Displays passion, commitment and drive to deliver an experience that improves our clients' financial lives.
• Is confident in identifying solutions for new and existing clients based on their needs.
• Communicates effectively and confidently, and is comfortable engaging all clients.
• Has the ability to learn and adapt to new information and technology platforms.
• Is confident in educating clients on how to conduct simple banking transactions through self-service technologies (for example, ATM, online banking, mobile banking).
• Applies strong critical thinking and problem-solving skills to meet clients' needs.
• Will follow established processes and guidelines in daily activities to do what is right for clients and the bank, adhering to all applicable laws and regulations.
• Efficiently manages your time and capacity.
• Focuses on results, while acting in the best interest of the client.
• Can be flexible to work weekends and/or extended hours as needed.You'll be more prepared if you have (desired skills):
• Experience in financial services and knowledge of financial services industry, products and solutions.
• One year of demonstrated successful sales experience in a salary plus incentive environment with individual sales goals.
• Six months of cash handling experience.
• Bachelor's degree or business relevant associate degree such as business management, business administration, or finance.Skills Used in this Role:
• Customer Service
• Risk Management
• Consumer Products and Solutions
• Overcoming Objections
• Risk Management
• Cash Management
• Demonstrating Technology
• Relationship Management
• Active Listening
• Learning Agility
• Problem Solving
• Critical Thinking
• Multitasking

Shift:

1st shift (United States of America)

Hours Per Week:

40

Apply

Full time

JR-23015888

Travel: No

California pay and benefits information

California pay range:

$ 22.00 - $ 25.50 hourly pay, offers to be determined based on experience, education and skill set.

Predictable pay

This role is compensated with a base salary and is not incentive eligible.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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Street Address

Primary Location:

13700 Riverside Dr, CA, Sherman Oaks, 91423

Applicants with Disabilities

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling 1.877.760.2076. This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

Please note: Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response.

Relationship Banker Rosemead - Wells Fargo

Wells Fargo Rosemead, United States

Found in: Appcast CB C2 - 6 days ago

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Description

Why Wells Fargo:Are you ready for the next step in your career? This is where it begins - at a company known for our "Well Life" approach to supporting employees' career aspirations, work-life balance, and mental and physical health. We ranked #2 on the 2023 LinkedIn Top Companies list - and #1 among financial services companies - as the best workplace "to grow your career" in the U.S. We're especially proud of our tangible, meaningful commitment to diversity, equity, and inclusion in the workplace. When it comes to employees' financial health, we offer competitive salaries and generous benefits package. Apply today.About this role:Wells Fargo is seeking a Relationship Banker (SAFE) in Consumer and Small Business Banking, as part of Branch Banking.Learn more about the career areas and business divisions at . Upon required licensing and SAFE registration, the Relationship Banker LP (SAFE) employee will transition to the Relationship Banker (SAFE) role.The following job profile is intended to provide a general sense of what Relationship Bankers do; however, the day-to-day duties and responsibilities will differ from branch to branch and even banker to banker depending on several variables, including (but not limited to) years of experience, complement of customers serviced, banking services and options of various customers, and customer needs.In this role you will:

• Employees who are not fully licensed at the time of hire will participate in the Branch Banking Licensed Banker licensing program as a Relationship Banker LP (SAFE). This is a temporary position until employee has successfully completed licensing requirements. Upon successful completion, employees will transition to the Relationship Banker (SAFE) role and perform the following duties:

• Participate in building relationships with customers and spend time understanding required needs

• Identify opportunities for offering a full range of Wells Fargo retail banking deposit and credit products and services, based on customers' needs

• Analyze tactical business challenges related to full-service banking experience to emerging affluent and high-value customers

• Present recommendations for resolving inquiries and service requests regarding customers' accounts

• Open and service accounts within authorized limits, create plans for follow-up and scheduled contacts with customers

• Provide information to internal partners and external sources to further enhance the customer experience

• Identify opportunities to leverage partners and connect customer with the appropriate partner or relationship manager to meet their needs

• Partner with financial advisors to understand appropriate introductions to address the needs of customers with investment or retirement needs

• Provide self-service digital banking options to customers

This SAFE position has customer contact and job duties which may include the offering/negotiating of terms and/or taking an application for a dwelling secured transaction. As such, this position requires compliance with the SAFE Mortgage Licensing Act of 2008 and all related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results. Individuals in a SAFE position also must meet the Loan Originator requirements under Regulation Z (LO) outlined in the job expectations below

Required Qualifications:

• 2+ years of customer service experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 1+ year of assessing and meeting the needs of customers or helping with issue resolution, demonstrated through work or military experience

1+ year of building and maintaining effective relationships with customers and partners

Desired Qualifications:

• Successfully completed Financial Industry Regulatory Authority (FINRA) Series 6 and Series 63 examinations (or FINRA recognized equivalents) sufficient to qualify for immediate FINRA registration

• State Insurance license(s)

• Customer service focus with experience handling transactions across multiple systems

• Proficient with proactively sourcing, acquiring, building, and maintaining relationships with customers and colleagues

• Strong verbal, written, and interpersonal communication skills

• Knowledge and understanding of book of business processes to actively manage a group of Wells Fargo customers to meet their needs and grow the business Ability to be proactive, innovative, and creative in meeting customer and enterprise needs

• Ability to make client calls and actively participate in the sales development process

• Knowledge and understanding of retail compliance controls, risk management, and loss prevention

• Ability to follow policies, procedures, and regulations

• High motivation with ability to successfully meet team objectives while maintaining individual performance

• Experience mentoring and peer- coaching

• Experience assessing customer needs and recommending products/services to fulfill those needs

• Experience using business acumen to provide financial services consultation to small business customers

• Knowledge and understanding of financial services consumer lending products

• Ability to educate and connect customer to technology and share the value of mobile banking options

Ability to interact with integrity and professionalism with customers and employees

Job Expectations:

• Ability to work holidays and weekends

• Adherence to Wells Fargo sales practices risk management culture

• Current registration for FINRA Series 6 and Series 63 (or FINRA recognized equivalents) is required for this role or must be completed within a specified period. For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite will be required

• For the following states where hired, FINRA Series 65 (or equivalent) examination will also be required to be attempted within a specified period of time: AK, AL, CT, DE, HI, IA, ID, IN, KS, MD, MI, MN, MS, MT, NC, ND, NE, NM, OR, SC, SD, TN, TX, UT, VA, WA, WI, and WY. The State of WY permits referral-only licensed bankers to receive the IAR registration without completing the Series 65/66 exam requirement. This list of states is subject to change and Series 65 (or equivalent) licensing requirement would be based on current state requirements during employment

• State Insurance license(s) are required for this role and must be completed within a specified period

• Licensing requirements and expected completion timeline (determined by the number of licenses needed) will be communicated to the candidate upon offer acceptance

• Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position. Additional requirements include meeting enhanced financial fitness and criminal background standards. Wells Fargo will initiate the FINRA review process at the time of offer acceptance

• This position requires SAFE registration at the time of employment. Wells Fargo will initiate the SAFE registration process immediately after your employment start date. The Nationwide Mortgage Licensing System (NMLS) web site ) provides the MU4R questions and registration required for employment in this position

• Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies. The LO qualification requirements include meeting applicable financial responsibility, character, general financial fitness, and criminal background standards

• A current credit report will be used to assess your financial responsibility and credit fitness; however, a credit score is not included as part of the evaluation. Successful candidates must also meet ongoing regulatory requirements including additional screening, if necessary

This position is not eligible for Visa sponsorship

Pay Range
$22.36 - $33.51 Hourly
BenefitsWells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan

• Paid Time Off

• Parental Leave

• Critical Caregiving Leave

• Discounts and Savings

• Health Benefits

• Commuter Benefits

• Tuition Reimbursement

• Scholarships for dependent children

Adoption Reimbursement

We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Relationship Banker I

Cathay Bank Temple City, CA

1 day ago Be among the first 25 applicants

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People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

Apply today!

What Our Team Members Are Saying

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Learn more about us at cathaybank.com

General Summary

Responsible for primarily handling teller transactions, providing operational support, cross-selling bank products/services, and resolving customer service issues. Process transactions with accuracy and efficiency while delivering an overall professional and exceptional customer experience. As needed, will open accounts and refer customers to other areas of the bank as appropriate. Follow regulations and bank security procedures to protect customers as well as minimize risk to the bank.

Essential Functions

Operations

Perform deposits and withdrawal transactions.

Reconcile and balance teller cash drawer.

Process outgoing wires.

Essential functions of Safe Deposit box (e.g. entry, opening, maintenance).

Assist customers with problem resolution.

Assist in ATM balancing.

Detect and report fraudulent or suspicious activities by completing BSA reporting as required, Currency Transactions Reports or Monetary Instrument Reports.

New Accounts

Perform all aspects of new account opening procedures for all bank products/services.

Answer customer inquiries, make appropriate financial solutions and recommendations and assist with problem resolution.

Perform customer service functions such as check orders, change of address, return mail processing, supersede signature cards, and other account maintenance changes.

Maintain confidentiality of customer information as well as Bank proprietary information.

Sales & Service

Identify sales opportunities to cross-sell bank products and services to ensure customers' financial goals are met.

Provide quality personalized customer service, maintain frequent customer contact to expand relationships and ensure customer retention.

Maintain open communication with Bank business partners and make referrals as appropriate (e.g. Financial Advisors, Mortgage Loan Originators, Commercial Lenders).

Proactively support branch new business promotions.

Qualifications

College degree in business, accounting or finance preferred or related work experience.

6-12 months of cash handling, customer service in a retail environment, or sales experience preferred. Banking experience is a plus.

Desire to learn the banking industry, help others, and work in a professional environment.

PC literate and typing proficient. Previous experience with data entry, 10-key, banking software, and Microsoft Word, Excel, PowerPoint and Outlook a plus.

Detail-oriented and organized with good note taking and follow-up skills.

Good oral and written communication skills – can write clear messages, initiate conversations, and talk to customers about products and services.

Good listening and interpersonal skills – can listen without interrupting, seeks clarification, responds professionally, and keeps emotions under control in difficult situations.

Ability to work independently and as part of team.

Ability to give and receive feedback to improve skills and job knowledge.

Can maintain good attendance and arrive consistently at scheduled start time.

Bilingual English/Chinese (Mandarin or Cantonese) preferred.

Able and willing to commute as required for business needs.

Other Details

$16.90 – $22.00 / hour

Pay determined based on job-related knowledge, skills, experience, and location.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy .

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Click here to view the EEO is the Law poster in English. Poster- English

Click here to view the EEO is the Law supplement in English. Supplement- English

Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish

Clic aquí para ver la EEO es la Ley suplemento en español. Supplement- Spanish

点击这里查看EEO是法律海报的中文 Poster- Chinese

点击这里查看EEO是法律和补充條例的中文" Supplement- Chinese

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Apply Now

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Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

Banking

Bank in China 

Reading #2 Bank in China

中国银行 Bank of China

中国银行 Bank of China

中国银行 Bank of China - https://www.bankofchina.com/us/en/

中国银行 Bank of China https://www.boc.cn/

服务热线：95566（大陆地区）；+86(区号)95566 （海外及港澳台地区）

信用卡热线：40066-95566（大陆地区）； +86 10-66085566（海外及港澳台地区）

中国银行总行 Bank of China Head Office - SWIFT： BKCH CN BJ

户名 A/C Name: XXX 中国居民身份证号码: XXXXX-XXXXX-XXXXX-XXXXX

银行帐号(A/C NO.): XXXXX-XXXXX-XXXXX-XXXXX

签发日期 XX/XX/XXXX 开户银行 XXXXX-XXXXX

密码 Password: 6# -XXX-XXX

用户名/证件号码 XXXXXXXXXX 登录密码 XXXXXXXXXX

How can I open a bank account in China?

To open a basic bank account in China you need the following:

Valid passport.

Proof of residence (usually only for correspondence purposes, so your bank may accept a temporary address or email instead)

An initial opening deposit.

Employment pass, student pass or work permit (Required by some banks)

中国建设银行 China Construction Bank

中国建设银行 China Construction Bank

Web: www.ccb.com or https://www.ccb.com/cn/home/indexv3.html

中国建设银行 Bank Code： PCBCCNBJXXX

中国建设银行 - 储蓄账户查询 - 个人活期, 定期利息 / 进入个人网上银行 / 帐户登录

用户名/证件号码 XXX-XXX 上网登录密码 XXX-XXX

户名: XXX 中国居民身份证号码: XXXXX-XXXXX-XXXXX-XXXXX

银行(帐号/卡号): XXXXX-XXXXX-XXXXX-XXXXX签发日期 XX/XX/XXXX

中国建设银行-分行 XXXXX-XXXXX

(活期) 账号/卡号 A/C # XXXXX-XXXXX-XXXXX 密码 6#-XXX-XXX

(定期) 账号/卡号 A/C # XXXXX-XXXXX-XXXXX 密码 6#-XXX-XXX 日期 Date XX/XX/XXX

摘要 Remarks: 现存 / 结汇 / 转取 / 现取

货币 Currency: 美元 USD, 人民币 RMB, 港币 HKD, 英镑 GBP, 加元 CAD

取款 (支出-) Withdrawal $XXX.XX

存款 (存入+) Deposit $XXX.XX 结余/余额 Balance $XXX.XX

银行保险箱 / 号码 XXXXX 名称 XXXXX 日期 XX/XX/XXXX 密码 XXX-XXX

Lose one key: -$100 RMB Lose two keys: -$400 RMB

中国工商银行 Industrial and Commercial Bank of China

中国工商银行 Industrial and Commercial Bank of China www.icbc.com.cn https://www.icbc.com.cn/icbc/

中国工商银行 SWIFT CODE : ICBKCNBJXXX

电话服务 24小时全国电话服务热线：95588

24小时贵宾服务专线：400-66-95588（面向财富卡、理财金卡、白金卡及信用卡金 卡客户，目前已在除上海、浙江和广东以外的全国各地区开通）

姓名 XXX 性别 X 民族 X 出生 XXXX 年 XX 月 XX 日

住址 XXXXX-XXXXX 中国XX省XX市

中国居民身份证 / 公民身份号码 XXXXXX-XXXX-XXXX-XXXX

(中国工商银行) 户名 XXX 客户号 XXXXX-XXXXX 存折号码 Passbook No. XXX-XXX

账号/卡号 A/C # XXXXX-XXXXX-XXXXX 密码 6#-XXX-XXX

上网登录密码 XXX-XXX 签发日期 XX/XX/XXXX 开户网点名称 XXXXX-XXXXX

日期 Date XX/XX/XXX 支票 Check # XXX 描述 Description XXX-XXX

取款 (支出-) Withdrawal $XXX.XX 存款 (存入+) Deposit $XXX.XX 结余/余额 Balance $XXX.XX

中国农业银行 Agricultural Bank of China

中国农业银行 Agricultural Bank of China

www.abchina.com https://www.abchina.com/cn/

中国农业银行 open account - Minimum $500 RMB above or charge -$3

中国农业银行 SWIFT CODE : ABOCCNBJXXX

联系我们 客服电话（国内）：95599

客服电话 海外（香港）：00852-2819599

信用卡客服热线：400 66 95599

白金贵宾客服热线：400 61 95599

(中国农业银行) 户名 XXX 客户编号 XXXXX-XXXXX 存折号码 Passbook No. XXX-XXX

账号/卡号 A/C # XXXXX-XXXXX-XXXXX 密码 6#-XXX-XXX

开户日: XX/XX/XXXX 开户行名: XXXXX-XXXXX

用户名/证件号码 XXX-XXX 上网登录密码 XXX-XXX

Bank 银行

1 of 26

Bank of America 美国银行

Bank of America 美国银行 - 1-800-622-8731

Customer service: 1 (800) 432-1000 Technical support: 1 (800) 933-6262

Credit card support: 1 (800) 732-9194 www.bankofamerica.com/

Address: 11138 Main St, El Monte, CA 91731 Phone: (626) 527-9619

Address: 8856 Valley Blvd, Rosemead, CA 91770 Phone: (626) 312-2104

Address: 102 E Las Tunas Dr, San Gabriel, CA 91776 Phone: (626) 578-5552

Name of Check Card (Debit / Visa) Valid Date: Month / Year

Name: XXX-XXX Account # XXXXX-XXXXX-XXXXX

Visa Debit Card #: XXXX-XXXX-XXXX-XXXX Expiration Date XX/XX/XXXX

PIN# in the back: XXXX-XXX PIN (Password) 4# - XXXX

Online Banking - Enter your username XXX-XXX Enter your password XXX-XXX

Sign In Checking Account - $12 Monthly Service Fee, waived with:

1. Monthly direct deposits totaling $250 or more made to this account

2. OR, with $1,500 minimum daily balance in this account

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Chase Bank 大通银行

Chase Bank 大通银行 / Washington Mutual (华盛顿互惠银行)

JPMorgan Chase - Customer service: 1 (800) 935-9935 www.chase.com/

24 Hours Chase 1-800-788-7000 Chase Fraud Prevention 1-800-355-5265

Claims Department 866-564-2262 option 1 - file a claim, must within 60 days+reason

Renew Chase Debit Card - get new visa card before 2 month expiration date

Address: 120 W Las Tunas Dr, San Gabriel, CA 91776 Phone: (626) 285-9881

Address: 11001 Main St, El Monte, CA 91731 Phone: (626) 443-8941

Address: 4749 Santa Anita Ave, El Monte, CA 91731 Phone: (626) 401-0429

Name: XXX-XXX Account # XXXXX-XXXXX-XXXXX

Visa Debit Card #: XXXX-XXXX-XXXX-XXXX Expiration Date XX/XX/XXXX

PIN# in the back: XXXX-XXX PIN (Password) 4# XXXX

Checking Account XXX-XXXX Balance $X,XXX.XX

Saving Account XXX-XXXX Balance $X,XXX.XX

Benefits of Banking with Chase

1. Direct Deposit 2. Online Banking and Bill Pay

3. Chase Debit Card 4. Chase Credit Cards

5. Free Nationwide Access 6. Free Chase Mobile

No Monthly Service Fee

1. With at least one direct deposit of $500 or more.

2. Or, with $1,500 minimum daily balance

3. Or, with an average daily balance of $5,000 or more in linked deposit / investment accounts

4. Or, pay $25 or more in qualifying checking - related services or fees

5. Otherwise, $10 Monthly Service Fee

Chase Savings - Earn More - Earns interest - No Monthly Service Fee When

(1). You have a $300 minimum daily balance (2). Or, account owner is younger than 18 (3). Or, at least one repeating automatic transfer of $25 or more from your Chase checking account each month (4). Otherwise,a $5 Monthly Service Fee

Checking Accounts - $0-$50,000 + Rate 0.01% & APY 0.01%

Certificates of Deposit (CD) & Retirement CDs (09-12-2011)

CD Specials - Minimum initial Deposit - $10,000

9 months = Rate 0.35% = APY 0.35% Or 13 months = Rate 0.45% = APY 0.45%

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US Bank

US Bank https://www.usbank.com/about-us-bank/customer-service.html

US Bank Website https://www.usbank.com

US Bank Website https://www.usbank.com/index.html

Customer service: 1 (800) 872-2657 Technical support: 1 (877) 202-0043

Address: 1400 S Baldwin Ave, Arcadia, CA 91007 Phone: (626) 247-3100

Address: 2400 W Commonwealth Ave, Alhambra, CA 91803 Phone: (626) 349-3748

Address: 1827 Walnut Grove Ave, Rosemead, CA 91770 Phone: (626) 572-7220

US Bank Debit Visa Card or Checking

If no credit card from US Bank, minimum balance $1,500

less than $1499, charge -$6.95 monthly fee

or Direct Deposit $1000 monthly

If approve credit card in US Bank

No monthly fee, No minimum balance

to open a US Bank credit card, deposit at least $300 to $5,000

After close credit card, okay to get back refund

4 of 26

Citi Bank 花旗银行

Citi Bank https://online.citi.com/US/ag/contactus

Customer service: 1 (800) 374-9700 Credit card support: 1 (800) 950-5114

Address: 660 W Duarte Rd, Arcadia, CA 91007 Phone: (626) 340-2525

Address: 177 E Colorado Blvd, Pasadena, CA 91101 Phone: (626) 219-7035

Address: 1 W Bay State St, Alhambra, CA 91801 Phone: (626) 586-3537

Name XXX-XXX Checking Account XXXX-XXXX-XXXX-XXXX Balance $XXX.XX

Direct Deposit $200 or Minimum Daily Balance $1,500+, avoid $12 monthly fee

Citi Bank credit card: Yes

But, checking account still need to have $1500 minimum balance.

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5 of 26

Wells Fargo

Wells Fargo https://www.wellsfargo.com/help/contact-us/

Customer service: 1 (800) 869-3557

Checking Account: $25 deposit

Address: 726 E Valley Blvd, Alhambra, CA 91801 Phone: (626) 457-3340

Address: 1200 S Baldwin Ave, Arcadia, CA 91007 Phone: (626) 445-4311

Address: 1910 W Main St, Alhambra, CA 91801 Phone: (626) 356-8235

16 pictures

6 of 26

Ever Trust Bank 华信商业银行

Ever Trust Bank 华信商业银行

Phone Number (949) 552-9800

华信商业银行 EVER TRUST BANK/

ART TEL MEDIA 商业/生活服务 626-573-3366,

1900 S DEL MAR AVE #208, SAN GABRIEL, CA 91776.

Address: 1228 S Baldwin Ave, Arcadia, CA 91007 Phone: (626) 566-2888

Address: 333 E Main St UNIT D, Alhambra, CA 91801 Phone: (626) 979-4100

Address: 2 N Lake Ave #1030, Pasadena, CA 91101 Phone: (626) 993-3800

Checking Account: Regular $500 daily or direct deposit

Charge fee: $10 per month

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7 of 26

East West Bank 华美银行

East West Bank 华美银行 - Checking Account minimum $1,500 or below + charge $5

Website: https://www.eastwestbank.com/

Customer service: 1 (888) 895-5650 Credit card support: 1 (800) 236-2442

Corporate Office 135 N. Los Robles Ave., Pasadena, CA 91101 Phone 1-888-245-1756

Address: 635-637 W Duarte Rd, Arcadia, CA 91007 Phone: (626) 574-7767

Address: 800 E Valley Blvd, San Gabriel, CA 91776 Phone: (626) 308-1986

Address: 135 N Los Robles Ave Suite 100, Pasadena, CA 91101

Phone: (626) 768-6088

Open Checking Account: $1500

Charge fee: $5 per month, $60 per year

Debit Visa, Checking or Saving, Credit Card: Yes

Direct Deposit: No

Senior Checking: No minimum balance $1500, Age of 62 plus

$10,000 USD wire transfer must report to U.S. Government, bank in China limit $3000

中国大陆汇款申请书 China Remittance Application - RMB Fixed Rate Remittance

Exchange rate is fixed at the time of remittance.

The maximum amount per remittance per day for each person to an individual beneficiary is the equivalent of $50,000 USD. 一年不可以超过$50,000美元(变)兑换人民币或人民币变美元 / Swift Code, Account Name and Account Number

What is the swift code for East West Bank?

Incoming International Wire Transfer Instructions

Bank Name:

East West Bank

SWIFT Code for East West Bank:

EWBKUS66XXX

Routing Transit Number:

322070381

Bank Address, City & State:

East West Bank 135 N. Los Robles Avenue, 7th Floor Pasadena, CA 91101 (regardless of where your account is located)

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American Plus Bank 美富银行

美富银行 (AMERICAN PLUS BANK N.A.)

电话：(626) 821-9188，

地址：630 W. Duarte Rd.,Arcadia CA 91007，

营业时间：MON-THU(9-4:30); FRI(9-6)

Safe Deposit Box: It is on waiting list.

If customer close the box, empty box is available.

Address: 171 S Hudson Ave, Pasadena, CA 91101 Phone: (626) 463-9988

Address: 17506 Colima Rd # 100, Rowland Heights, CA 91748

Phone: (626) 363-8900

Open Checking Account: $750

Charge fee: $10 per month

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Cathay Bank 国泰银行

Cathay Bank 国泰银行

Customer service: 1 (800) 922-8429

Address: 635-637 W Duarte Rd, Arcadia, CA 91007 Phone: (626) 574-7767

Address: 601 N Atlantic Blvd, Alhambra, CA 91801 Phone: (626) 284-6556

Address: 43 E Valley Blvd, Alhambra, CA 91801 Phone: (626) 576-7600

Checking: $1000

Charge fee: $10 month

国泰银行为您提供广泛个人金融服务，包括支票帐户、储蓄帐户、房屋贷款、及网上

及手机银行服务。

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Royal Business Bank

Royal Business Bank - Phone: (626) 307-7500

https://www.royalbusinessbankusa.com/

https://www.royalbusinessbankusa.com/contact-us.htm

Address: 901 S Baldwin Ave, Arcadia, CA 91007 Phone: (626) 802-6222

Address: 700 W Garvey Ave, Monterey Park, CA 91754 Phone: (626) 570-4800

Address: 123 E Valley Blvd #101, San Gabriel, CA 91776 Phone: (626) 307-7500

Open Checking Account: $800, charge $10 per month

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Sterling Bank & Trust 富华信托银行

Sterling Bank & Trust 富华信托银行

Address: 657 W Duarte Rd, Arcadia, CA 91007 Phone: (626) 446-1572

Address: 711 W Valley Blvd #100, Alhambra, CA 91803 Phone: (626) 576-8810

Address: 19220 Colima Rd, La Puente, CA 91748 Phone: (626) 581-1589

Checking: $500 Charge fee:$25 month

No safe deposit box because of not set up the box in this bank.

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California Bank & Trust

California Bank & Trust

Customer service: 1 (800) 400-6080

Address: 1130 S Baldwin Ave, Arcadia, CA 91007 Phone: (626) 445-5355

Address: 230 Valley Blvd, Alhambra, CA 91801 Phone: (626) 457-9666

Address: 2107 S Atlantic Blvd, Monterey Park, CA 91754 Phone: (323) 268-2831

Checking: $50 to open

Charge fee: $6 monthly

Statement: $2

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中国工商银行(美国) Industrial and Commercial Bank of China (USA)

中国工商银行(美国) Industrial and Commercial Bank of China (USA) NA

Bill Pay = Fast, Convenient, Secure, Easy

Open an account with us today and receive a complimentary gift (while supply lasts)

Online Bill Payment Service - (Coming February 10th, 2013)

(1). Pay bills anywhere in the U.S.A.

(2). Schedule a one-time payment or recurring payments

(3). Receive Email confirmations of payments made & reminders when payments are due (4). Track your payment online (5). Pay your tax bills

Address Branch - 388 E. Valley Blvd., #118 Alhambra, CA 91801 -626-300-8888

Visit us: www.icbc.us.com wire transfer free -6-30-2013 -$8 fee, Deposit $100+

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Western Union Bank

Western Union Bank 1 (800) 325-6000

www.westernunion.com/ www.moneyservices.com/Send/Money

Address: Albertsons, 298 Live Oak Ave, Arcadia, CA 91006

Phone: (626) 446-1416

Address: Rite Aid, 8914 Valley Blvd, Rosemead, CA 91770

Phone: (626) 573-3540

Address: Vons, 745 E Naomi Ave, Arcadia, CA 91007

Phone: (626) 446-9483

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First General Bank 大通银行

First General Bank 大通银行

Checking Account: No limit or $500, No monthly charge

Address: 19036 Colima Rd, Rowland Heights, CA 91748

Phone: (626) 820-1234

大通银行 - Arcadia

联系电话：(626) 461-0288

营业时间：MON-FRI(9-4:30)

详细地址：1127 S. Baldwin Ave., Arcadia, CA 91007

大通银行 - San Gabriel

联系电话：(626) 288-9288

营业时间：MON-FRI(9-4:30)

详细地址：801 E. Valley Blvd., #103, San Gabriel, CA 91776

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First Bank

First Bank Customer service: 1 (800) 964-3444

Address: 1211 E Valley Blvd, Alhambra, CA 91801 Phone: (626) 300-0880

Address: 848 W Duarte Rd, Arcadia, CA 91007 Phone: (626) 821-9818

Address: 725 N Broadway, Los Angeles, CA 90012 Phone: (213) 625-1888

Checking Account: $1500 or $500 direct deposit

charge $9.95 per month

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First Commercial Bank (USA)

First Commercial Bank (USA)

Address: 200 East Main Street Alhambra, California 91801 Phone: (626) 300-6000

Address: 1309 S Baldwin Ave, Arcadia, CA 91007 Phone: (626) 254-1828

Address: 18725 Gale Ave #150, City of Industry, CA 91748 Phone: (626) 964-1888

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Capital One

Capital One https://www.capitalone.com/support-center/contact-us/

Customer service: 1 (877) 383-4802 Credit card support: 1 (800) 227-4825

Capital One ATM

Address: 1050 Huntington Dr, Duarte, CA 91010

Phone: (800) 262-5689

Located in: Target / Phone: (800) 262-5689

Address: 3600 Rosemead Blvd, Rosemead, CA 91770

Located in: Target / Phone: (800) 262-5689

Address: 2120 W Main St, Alhambra, CA 91801

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United Pacific Bank

United Pacific Bank

Address: 101 W Garvey Ave, Monterey Park, CA 91754

Phone: (626) 312-2080

Address: 1630 S Azusa Ave, Industry, CA 91748

Phone: (626) 965-6230

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GBC International Bank

GBC International Bank

Website https://www.gbcib.com/

Address: 168 W Garvey Ave, Monterey Park, CA 91754

Phone: (626) 243-8118

Address: 18645 Gale Ave, City of Industry, CA 91748

Phone: (909) 839-0078

Address: 333 S Grand Ave Suite 3500, Los Angeles, CA 90071

Phone: (310) 826-4228

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One West Bank

OneWest Bank - 1.877.741.9378

https://www.onewestbank.com/

OneWest Bank - Phone: (626) 821-4988

Address: 200 E Duarte Rd, Arcadia, CA 91006

OneWest Bank ATM - Phone: (877) 741-9378

Address: 75 N Fair Oaks Ave, Pasadena, CA 91103

First Citizens Bank - Phone: (626) 471-3200

Address: 1475 Huntington Dr, Duarte, CA 91010

One West Bank (January 2019) - A Division of CIT Bank, N.A.

Maximize your money - Special CD Offer - Up to 2.60% APY

15-Month CD 2.60% APY + 8-Month CD 2.25% APY

With $10,000 minumum opening deposit.

Call 855-503-9976 or Visit onewestbank.com/GreatRateCD

Online Channel citbank.com

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DC-Transfer 鼎昌金服的服务

鼎昌金融服務DC TRANSFERWISE CAPITAL, LLC

客服电话: 1-626-731-7888

公司地址：388 E. Valley Blvd., Suite 212 Alhambra, CA 91801

www.dctstar.com/ https://www.dctstar.com/about.html

希望以实际汇率，得到汇款，最快10分钟，最慢48小时，您的汇款就可以到账

3步立刻汇款

1、创建汇款请求

输入汇款金额，系统自动计算收款人最终收到的金额，无其他隐性费用，填写收款

人账户信息，汇款人个人信息

2、转账支付到保证金账户

收到短信验证码，获取保证金账号，将指定金额汇款到保证金账户。

3、收款

24小时内，您的海外指定收款人将收到系统计算出来的金额。一切搞定。

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Money - foreign currency 外币；外汇

Mix Money

#1. 英镑 GBP, 欧元 EUR, 瑞士法郎 CHF, 美元 USD, 加元CAD, 人民币 RMB-CNY, 港币 HKD, 澳门币MOP, 新台币 TWD/NTD Taiwan Dollar, 日元 JPY

#2. Bank of America 美国银行 Bank of China 中国银行 East West Bank 华美银行 Travelex - worldwide money 西联国际汇款 (western union)

#3. Cash 现金 Check 支票 Debit Card 提款卡 Interest 利息

#4. Checking Account 活期存款账户 / Saving Account 储蓄帐户 / 存款 Deposit /（从银行）取（钱）Withdraw

Travelex charges a $9.95 service fee at airports if you convert less than $500 into a foreign currency. There is no service fee for converting more than $500, but you still pay a very high currency exchange rate.

12

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Money - US Dollar

Money - U.S. Dollar

#1. Bank of America 美国银行 / Bank of China 中国银行

#2. Cash 现金 Check 支票 Debit Card 提款卡

#3. Checking Account 活期存款账户 / Saving Account 储蓄帐户 / (USD) 美元 / (RMB-CNY) Renminbi 人民币

#4. 存款 Deposit /（从银行）取（钱）Withdraw

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Credit Score

Credit Score 680 - 850 is good / below 680 = bad score

Credit Repair ($119) 626-479-8286 / 626-251-1162 / 304-460-1908 / 626-386-5126

https://www.swu.edu/financial-literacy/credit-score/

What is a credit score and how does it affect me?

Your credit score is a number that represents the risk a lender takes when

you borrow money. The most widely used credit score is a FICO score, which

is a well-known measure created by the Fair Isaac Corporation, and used

by credit agencies to indicate a borrower's risk. When a consumer applies

for credit ǔ whether for a credit card, an auto loan, or a mortgage ǔ lenders

want to know what risk they'd take by loaning money.

Find out your credit score FREE

You may access a FREE credit report in detail once a year through Annual

Credit Report.com. A detailed credit report will show month by month payment

status, every lender youóve borrowed from, and their contact information.

Get your free report that will include the major agencies, Equifax and TransUnion

at www.annualcreditreport.com

Did you know that when you apply for credit your score is affected by a

ǒhard inquiryō that can lower your score a few points each time? Want to

monitor your credit a little closer? You can check your credit score, at

any time, without affecting your score using Credit Karma. Using Credit

Karma will also allow you to receive alerts when an account is opened in

your nameà.and the best part is itós FREE. You can access it online or download

the app on any smart device. Try it at www.creditkarma.com

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Bank - Safe Deposit Box

What Shouldn't I Keep in a Safe Deposit Box?

• Cash.
• Passports.
• Drivers' licenses.
• Social Security cards.
• The original copy of your will.
• Health care directives, such as a living will.

What Not to Keep in Your Safe Deposit Box

• Cash. Unlike the cash in your bank account, cash in a safe deposit box isn't protected by FDIC insurance. ...
• Uninsured Valuables. ...
• The Original of Your Will. ...
• Letters of Instruction. ...
• Advance Health Care Directive. ...
• Power of Attorney. ...
• Anything Your Bank Won't Allow. ...
• Your Passport (Maybe)

Is it safe to put money in a safe deposit box?

It is storage space provided by the bank, so the contents, including cash, checks or other valuables, are not insured by FDIC deposit insurance if damaged or stolen. ... Also read the terms of the safe deposit box rental agreement, as the bank may limit what you can keep in the box. These limitations could include cash.

What do you put in a safe deposit box?

What Should You Put Into Your Safety Deposit Box

• Family Documents (birth certificates, marriage licenses, passports, etc)
• Property Deeds and Titles.
• Mortgage Documents.
• Insurance Policies and an Inventory of Personal Possessions.
• Personal and Business Contracts.
• Financial Documents (stocks, bonds, certificates of deposit)

How much is a safe deposit box at US Bank?

Annual cost of safe deposit boxes by bank and size

3" x 5"

3" x 10"

Chase

$50

$90

Wells Fargo

$80

$125

US Bank

$63

$112

BB&T

-

$55

Reading #3

Chase Bank – Information

Chase Total Checking□

$12 Monthly Service Fee OR $0 with one of the following each monthly statement period: direct deposits totaling $500 or more made to this account; OR, a balance at the beginning of each day of $1,500 or more in this account; OR, an average beginning day balance of $5,000 or in any combination of this account and linked qualifying Chase checking, savings and other balances.

Chase Certificates of Deposit Interest Rates

Certificates of Deposit (CDs) earn a guaranteed interest rate. A $1,000 minimum is required to open a CD. Please go to a branch to open a CD greater than $100,000. The Annual Percentage Yields (APYs) below are CD relationship rates available to our customers with a linked Chase personal checking account. APYs are effective for 06/06/2019, and are subject to change without notice. Web site rates are generally updated each business day in the morning and rates may vary by market. CD and Retirement CD interest is compounded daily. You may choose, depending on the term, to have your CD interest paid monthly, quarterly, semi-annually or annually and at maturity. Penalties may apply to withdrawals made prior to maturity. Please see the Deposit Account Agreement and rate sheet for more information and non-relationship standard rates.

CD TERM $0 - $9,999.99 $10K - $24,999.99 $25K - $49,999.99 $50K - $99,999.99 $100K - $249,999.99 $250K+

1-Month 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%

2-Month 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%

3-Month 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%

6-Month 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%

9-Month 1.01% 1.75% 1.75% 1.75% 2.00% 2.00%

12-Month 0.02% 0.02% 0.02% 0.02% 0.05% 0.05%

15-Month 0.05% 0.15% 0.15% 0.15% 0.20% 0.20%

18-Month 0.15% 0.25% 0.25% 0.25% 0.30% 0.30%

21-Month 1.40% 1.75% 1.75% 1.75% 2.00% 2.00%

24-Month 0.90% 1.01% 1.01% 1.01% 1.01% 1.01%

30-Month 0.90% 1.01% 1.01% 1.01% 1.01% 1.01%

36-Month 0.95% 1.06% 1.06% 1.06% 1.11% 1.11%

42-Month 0.95% 1.06% 1.06% 1.06% 1.11% 1.11%

48-Month 1.01% 1.21% 1.21% 1.21% 1.26% 1.26%

60-Month 1.01% 1.21% 1.21% 1.21% 1.26% 1.26%

84-Month 1.01% 1.21% 1.21% 1.21% 1.26% 1.26%

120-Month 1.36% 1.46% 1.46% 1.46% 1.51% 1.51%

Reading #4

Chase Safety Deposit Box Guide (Locations, Fees, & Rules) [2020]

Chase Safety Deposit Box Guide: (Locations, Fees, & Rules) [2020]

Posted on November 19, 2020 by Daniel Gillaspia

Safety deposit boxes can be smart ways to store some of your valuable belongings. However, they are not perfect by any means and are not designed to store all of your precious valuables. And when it comes to safety deposit boxes with Chase Bank there are some restrictions that you need to know.

In this article, I will tell you everything you need to know about Chase safety deposit boxes. I'll cover things like the fees/prices, rules, locations, and also give you some tips on things to store and not store in your safety deposit box.

What exactly is a safety deposit box?

Just in case you need some clarification, a safety deposit box is a secure holding place where you can store certain belongings with a bank. These are typically stored in a secure area like a safe and are great for people looking for added security beyond storing something in a safe at home or resorting to things like midnight gardening.

Common items that are stored in a safety deposit box include:

• Important paper contracts

• Marriage certificates

• Birth certificates

• Special photographs

• Valuable jewelry (you don't wear often)

• Valuable collection items

• Deeds and titles

• Stock and bond certificates

Does Chase offer safety deposit boxes?

Yes, you can lease a Chase safety deposit boxes for an annual fee. You will need to have a Chase bank account ( like a checking ) or be partnered with someone who does and the fee for the safety deposit box will likely be taken out of that account. If you need to search for Chase bank locations near you can do that here.

Update: Please note that this article is a review of the Chase safety deposit box policies. I am not directly affiliated with Chase and cannot respond to appointment inquiries. Do NOT post any personal information in the comments below.

If you would like to set up an appointment email: Safe.deposit.box@chase.com

Include: your full name, home zip code, branch name/address and your safe deposit box number. You will receive a confirmation email of a scheduled access appointment the following business day.

Appointments may be scheduled for Tuesdays and Thursdays 9:30-1:30PM only, on a first come first serve basis. Chase cannot accomodate same day or next day appointments.

What are the fees for Chase safety deposit boxes?

The fees for a safety deposit box with Chase are going to vary based on the location and size of your box. Here are some sample prices:

• 3X5: $80

• 3X10: $140

• 5X10: $220

• 10X10: $350

Prices can differ

You should note that the prices can change and once again they will differ based on your location (they could be cheaper or more expensive). It is also possible that you could get a free safety deposit box if you open up the right type of bank account. For example, Chase Private Client members get a free safety deposit box. Chase Premier Plus Checking members also get free boxes.

You might be waitlisted

Some Chase bank locations may not have any safety deposit boxes available for you to rent. It is not uncommon for some banks to be completely booked up and so you might have to get on a waiting list. If that happens, you might want to shop around and check out a few different locations/branches to see which have available safety deposit boxes. You might also inquire with the banker to see if they can check availability for other branches if possible.

The lease time

Typically, you will probably be looking at a one-year lease time.

You can terminate your lease agreement at any time but you likely will not be refunded. Entering into a lease agreement for a safety deposit box creates a landlord tenant relationship. This can be significant for legal purposes so I would suggest to review your contract to see what the implications of this relationship are when it comes to things like access.

However, the lease does not create a bailor and bailee relationship between you and the Bank. This basically means that they are not responsible for anything that happens your belongings while in the possession. Terms may state: You assume all risks of injury, loss or damage of any kind (including but not limited to loss or damage due to fire, water, other mishap, robbery or burglary) arising out of the deposit of anything in the box, provided we have exercised ordinary care.

Chase safety deposit box rules

You will not be able to place any items that you wish and your safety deposit box. That is because the lease agreement will have specific exclusions for certain items. Below, I have pulled out some language from a lease agreement to give you some insight into what might be excluded. Please note that your individual lease agreement may have different language.

Money With Chase you are not to use the box to store money, coin or currency unless it is of a collectable nature, and you assume all risks and hold the Bank harmless of any loss or alleged loss of said money, coin or currency. So if you collect bullion for example, those collectible coins can be allowed in the safety deposit box. But if you are just trying to find a place to store something like Silver Eagles (recognized more as a type of currency) then a safety deposit box like this is probably not a good choice. This also means that you are not to store cash in your safety deposit box.

Dangerous items You agree NOT to store any item that is inherently dangerous, including but not limited to:

• Firearms, guns or ammunition

• Other weapons even if such weapons are lawfully owned by you

• Anything illegal to possess, or of a character or nature which we believe may injure the premises of the Bank, its employees or customers

• Liquid, corrosive, pressurized, hazardous, or explosive materials such as dynamite, fireworks, flares, tear gas and self-defense sprays

Unlawful purpose

You will have to agree to not use your safety deposit box to store anything for an unlawful purpose. Chase can turn over any of your belongings to the government or to law-enforcement if they believe that you have violated their lease terms.

When can I access my safety deposit box?

You will be able to access your safety deposit box during normal business hours. In some cases this may mean a typical schedule of 9 AM a.m. to 5 PM p.m. Monday through Friday. Some locations might have weekend hours but it just will depend.

This is a big reason why they suggest not to include items that you might need in an emergency. For example, putting a passport, a power of attorney, medical directive, or something along those lines in a safety deposit box is normally not a good idea.

You should be aware that the lease agreement probably will have language that states that your access can be restricted. For example it states: We can restrict access to your box for any reason, including but not limited to past due rent and fees, information we receive in court documents, our inability to obtain information that satisfies our "Know Your Customer" requirements, and any unexpected circumstances (natural or manmade) You also can rent these boxes jointly so that you and someone else has equal access. You should be able to appoint an agent ("deputy") or Attorney in Fact ("AIF") to have access to or surrender the box. I highly suggest that you look at the terms and conditions closely if you're considering giving authority to someone on this basis. And it goes without saying but you obviously want to have a high level of trust with that individual. In order to access the safety deposit box you will need to show your ID and access it in the presence of a bank agent.

Are my contents insured?

A big question that people have with safety deposit boxes is: Are my contents insured? When it comes to chase, at your contents inside the safety deposit box or not insured by the FDIC or Chase bank. They state: The contents of your safe deposit box are not protected against loss or damage under the insurance coverage maintained by the bank or Federal Deposit Insurance Corporation. For your protection, you may wish to secure your own insurance through an insurance company of your choice. So it would be a good idea to seek out insurance options for your belongings. Remember, a natural disaster can strike anywhere and while your belongings are pretty secure in a vault, they will not be invincible. For that reason, some people like to put their belongings in a waterproof sealed case, bag, or container and then insert that into the safety deposit box. It is also a very good idea to thoroughly document every single item in your safety deposit box. A great way to do this is to take high-quality photos of every item.

Final word Chase safety deposit boxes are great ways to store your valuable belongings if you are okay with some of the disadvantages. This can be a great way to go especially if you have free access to them with the right type of Chase account.

Update: Please note that this article is a review of the chase safety deposit box policies. I am not directly affiliated with Chase and cannot respond to appointment inquiries.

Reading #5

Bank of America - Question and AnswerDoes Bank of America have 800 432 1000?

Please contact customer service at 800-432-1000 (Mon-Fri 7 a.m.-10 p.m. or Sat-Sun 8 a.m.-5 p.m., ET) for information on how to make this change to your account.

18 years or older

Ready to open your Bank of America Advantage Banking account? If you havea Social Security number and are 18 years or older.

Can a minor open a checking account at Bank of America?

Some banks may require children to reach a certain age before they can open a youth savings account. Other banks, including Bank of America, have no such age restriction.

Does Bank of America allow 16 year olds?

To open an account, you'll need a co-applicant over 18, like a parent or guardian.What type of account is Bank of America?Checking Accounts.Savings Accounts.CD Accounts.IRAs.Debit Cards.View Bank Accounts.

What is Bank of America minimum balance?

Maintain a minimum daily balance of $1,500 or more.

Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more.

How do I avoid monthly maintenance fee Bank of America?

When you maintain a combined balance of at least $10,000 or more each statement cycle on your Bank of America Advantage Relationship Banking□account, the monthly maintenance fee is waived. Combined balances include: The average daily balance in eligible linked checking and savings accounts for the statement cycle.

Is Bank of America a savings account?

Bank of America offers savings solutions to help meet your goals. Consider the following savings options: Bank of America Advantage Savings. Bank of America Certificate of Deposit (CD)

Does Bank of America do CD accounts?

Bank of America also offers Standard Term CDs, which allow you to choose any term from 28 days to 10 years. Standard Term CDs have a minimum deposit of $1,000 and offer 0.03% APY on all terms and balances. Here's an overview of Bank of America's CD rates.

What is the 1 year CD rate at Bank of America?

0.03% APY1-year: 0.03% APY. 3-year: 0.03% APY. 5-year: 0.03% APY.

What credit score do I need for Bank of America secured card?

What's the Bank of America Secured credit card score requirement?

The minimum credit score required for the BankAmericard Secured credit card is at least 300. This means that the BankAmericard Secured credit card accepts people with bad credit.

What is a security credit card?

Secured credit cards function a lot like traditional credit cards. The primary difference is that with a secured card, you pay a cash deposit upfront to guarantee your credit line. While credit history may be used to determine eligibility for a secured card, the line of credit it offers requires a security deposit.

What is a $200 credit limit?

For example, if you are approved for a $200 credit limit, you must pay the card issuer $200 and your credit limit will be $200 ─ you can deposit more if you are approved for a higher limit. Unsecured cards don't require a security deposit but may have stricter requirements to qualify.

What is Bank of America credit limit?

The BankAmericard credit card credit limit will vary based on each applicant's creditworthiness, with many cardholders reporting initial credit limits from $1,000 to $15,000 in some online forums.

Does the bank know what is in your safety deposit box?

No matter what you store in your safe deposit box, be aware that it isn't insured by the bank, by the FDIC or by any other government agency. Remember, your bank has no idea what's kept in your box.

What should I keep in my bank safe deposit box?

What Should You Put Into Your Safety Deposit Box

Family Documents (birth certificates, marriage licenses, passports)

Property Deeds and Titles.

Mortgage Documents.

Insurance Policies and an Inventory of Personal Possessions.

Personal and Business Contracts.

Financial Documents (stocks, bonds, certificates of deposit)

What should you not put in a safe deposit box?

Here's a look at what not to put in your safe deposit box:

Cash money. Most banks are very clear: cash should not be kept in a safe deposit box. ...

Passports. ...

An original will. ...

Letters of Intent. ...

Power of Attorney. ...

Valuables, Jewelry or Collectibles. ...

Spare House Keys. ...

Illegal, Dangerous, or Liquid Items.

Can you keep money in a safe deposit box at the bank?

The bank that houses the safe deposit box will be happy to hold your cash and maybe even give you a smidgen of interest on it.

Why are you not supposed to keep cash in a safe deposit box?

A safe deposit box is not a deposit account. It is storage space provided by the bank, so the contents, including cash, checks or other valuables, are not insured by FDIC deposit insurance if damaged or stolen. Also, financial institutions generally do not insure the contents of safe deposit boxes.

The remaining money will be distributed to the spouse and children of the deceased. If the deceased has no survivors, will or trust, beneficiaries, or joint account holders, the estate's funds will go to the state in most cases.

What does bank of America do when someone dies?

A case number and a specialist will be assigned to you. (Once you notify us of the death, any government benefits for the deceased, such as Social Security, will stop and/or be returned.) Provide us with a copy of the death certificate plus any additional documents as required by state law.

What happens to bank account when you die no beneficiary?

If a bank account has no joint owner or designated beneficiary, it will likely have to go through probate. The account funds will then be distributed─after all creditors of the estate are paid off─according to the terms of the will.

How long does it take for a beneficiary to receive money?

Once a valid claim has been made, it will typically take between 14 and 60 days to receive the payment from the insurance company, and usually it occurs within 30 days.

How long do banks keep money after death?

If the account holder established someone as a beneficiary, the bank releases the funds to the named person once it learns of the account holder's death. After that, the financial institution typically closes the account.Reading #6

Bank of America 美国银行 - Question and Answer

How do I talk to a real person at Bank of America?

Contact us Contact us. Schedule an appointment. Schedule an appointment. Call us. Phone number:844.375.7028.

How do I ask a question on Bank of America?

Call us at 800.432. 1000 if we can assist you in any way. Submit your request in writing to Bank of America, FL1-300-01-29, PO Box 25118, Tampa, FL 33622-5118.

Does Bank of America have a 24 hour customer service?

For lost or stolen credit cards call phone number for lost or stolen credit cards 800.732. 9194. Customer service for lost or stolen cards is available 24 hours a day, 7 days a week.

What time does Bank of America customer service open?

By telephone: Call 844.401. 8500 (option 2) Mon-Fri 8 a.m.-11 p.m. or Sat-Sun 8 a.m.-8 p.m. (all times ET).

How old do you have to be to open a card account on Bank of America?

least 18 years old To meet the Bank of America credit card requirements, you must be a U.S. resident who is at least 18 years old. Non-resident aliens can only apply for certain Bank of America credit card offers through a local Bank of America financial center.

What does a minor need to open a bank account at Bank of America?

You'll need to meet a few requirements to open a Bank of America Minor Savings Account: Child must be younger than 18. Parent must be at least 18 years old. Social Security number. State-issued ID. US residential address. $25 minimum opening deposit.

What happens when Bank of America account is locked?

Enter your Checking/Savings Account number, the last six digits of your ATM/debit card number, and your ATM/debit card pin. Select 'Continue' and follow the prompted instructions to reset your password and log back into your account. You'll receive an email confirming the change.

How do I unlock my Bank of America account?

Unlock Account. Enter your WL User ID, E-mail Address and Phone Number. This information must match what is currently setup in your WL Profile. The result of the requested action will be sent to this E-mail address.

How much money can you withdraw from a bank?

The amount of cash you can withdraw from a bank in a single day will depend on the bank's cash withdrawal policy. Your bank may allow you to withdraw $5,000, $10,000 or even $20,000 in cash per day. Or your daily cash withdrawal limits may be well below these amounts.

How much money can you withdraw from Bank of America teller?

Tips. Although there is no specific limit to the amount of cash you can withdrawal when visiting a bank teller, the bank only has so much money in its vault. Additionally, any transactions over $10,000 are reported to the government.

How much money can you withdraw from an ATM at one time?

You may only withdraw a specific amount of cash from an ATM daily. Most financial institutions have a daily ATM withdrawal limit of $300 to $3,000. If you need to withdraw more money from your account, get cash back from a store or visit a branch. Read about what you can expect to pay in bank ATM fees on Insider.

What is the difference between savings account and a checking account?

The main difference between checking and savings accounts is that checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money. Checking accounts are considered "transactional," meaning that they allow you to access your money when and where you need it.

How do I know if my Bank of America account is checking or savings?

A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.

What is minimum balance for Bank of America checking account?

$1,500 or Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more. Does

Bank of America charge for having a savings account?

Bank of America Savings Account Maintenance Fee

This savings account does have a $8 monthly maintenance fee, which is a bit high compared to some savings accounts that have no monthly maintenance fee.

How much does Bank of America charge for a checking account? Compare Settings

Bank of America Advantage Safe Balance Banking®

Bank of America Advantage Plus Banking®

Bank of America Advantage Relationship Banking®

Minimum opening deposit

$25

$100

$100

Monthly maintenance fee

$4.95

$12

$25

How do I avoid monthly fee Bank of America?

When you maintain a combined balance of at least $10,000 or more each statement cycle on your Bank of America Advantage Relationship Banking® account, the monthly maintenance fee is waived. What is Bank of America best savings account interest rate? Rates

Account balance

Standard Annual Percentage Yield (APY)Footnote 9

Less than $2,500

0.01%

$2,500 and over

0.01%

Why is Bank of America interest so low?

Interest rates on savings accounts are often low because many traditional banks don't need to attract new deposits, so they're not as motivated to pay higher rates. Which bank has highest savings interest rate? Savings Bank Account Interest Rates of Banks

Name of Bank

Rates of Interest (p.a.)

Citibank Savings Account

2.50% p.a.

Axis Bank Savings Account

3.00% p.a. to 3.50% p.a.

IndusInd Bank Savings Account

4.00% p.a. to 5.00% p.a.

DCB Bank Savings Account

2.75% p.a. to 6.50% p.a.

How much is a safe deposit box at Bank of America?

Annual cost of safe deposit boxes by bank and size

3" x 5"

5" x 5"

Bank of America

$75

$125

Chase

$50

$90

Wells Fargo

$80

-

US Bank

$63

$85

Does Bank of America offer free safety deposit boxes?

Re: Safe Deposit Box Fee (Bank of America)

For both of their two premium account tiers, they offer a small 3"x5" box for no fee, or a 20% discount on other sizes.

Can a bank go into your safety deposit box?

Authorized signature: When the safe deposit account is opened, all persons authorized to access the box sign a signature card. The bank allows only those individuals to open the box. From then on, the bank records the signature of any individual allowed to open the box.

Can I access my safe deposit box at Bank of America? To make an appointment to access your safe deposit box during regular business hours, you can email the bank at safebox@bofa.com and include your full name, address and phone number in the email.

What should you not put in a safe deposit box?

What Items Should Not Be Stored in a Safe Deposit Box?

Cash money. Most banks are very clear: cash should not be kept in a safe deposit box. ... Passports. ... An original will. ... Letters of Intent. ... Power of Attorney. ... Valuables, Jewelry or Collectibles. ... Spare House Keys. ... Illegal, Dangerous, or Liquid Items.

What can I use instead of a safety deposit box?

A private vault is the best alternative to a safe deposit box at your bank. With superior security, optional total anonymity, and biometric security measures we offer the highest degree of safety and security.

Can a bank take money from a deceased person's account?

Anyone withdrawing money from a bank account after death can be subject to criminal prosecution for theft from the estate, even if they are one of the beneficiaries. Taking more than you are entitled to by law can be interpreted as stealing from the other beneficiaries of the estate.

Can family access bank account after death?

Once an account owner assigns a beneficiary, the beneficiary only has access to the account upon the owner's death. The account owner may also remove or change who they designate at any time. Assigning a beneficiary doesn't override survivorship. Who gets the money in my bank account when I die? Bank accounts pass to heirs through an estate or via beneficiary instructions. You can potentially avoid probate with payable on death (POD) beneficiaries or joint tenancy with rights of survivorship. When you die without a will, state laws or automatic transfers determine who receives funds.

What happens to bank account after death?

Deceased accounts are bank accounts that are owned by a person who is no more alive (deceased). Banks will freeze the account(s) when they get notified that the account has been deceased. The money and belongings (if stored in a bank locker) will be handed over to the legal heirs as per the court's directions.

Can I use my father bank account after his death?

If the deceased has left deposit, then it has to be apportioned and used in accordance with the succession certificate issued by the competent court. Without succession certificate, withdrawing the deposits amounts to illegality. The institution should not allow such transactions without succession certificate.

Can I use my mom's debit card after she dies?

You cannot use your mom's debit card after she dies. Instead, you should notify the bank of her death and apply to the Surrogate's Court for approval to access her assets. After you notify the bank, they will freeze her accounts. Using the accounts without notifying the bank can be considered fraud.

How do I claim my deceased parents bank account?

If your parents named you, on the form provided by the bank, as the "payable-on-death" (POD) beneficiary of the account, it's simple. You can claim the money by presenting the bank with your parents' death certificates and proof of your identity.

What happens to bank account after death?

Deceased accounts are bank accounts that are owned by a person who is no more alive (deceased). Banks will freeze the account(s) when they get notified that the account has been deceased. The money and belongings (if stored in a bank locker) will be handed over to the legal heirs as per the court's directions.

Bank of America

Deposit Interest Rates & Annual Percentage Yields (APYs)å California - Greater Los Angeles Consumer & Business Online Rates See list below Effective: June 05, 2019 New Account opening limit is $250,000 in Online Channel. For larger accounts, please contact us. Variable Rate Products for Consumer Customers Rewards Savings/Minor Savingså Standard Pricing Account Balance Rate % APY % Less than $2,500 0.03 0.03 $2,500 and over 0.03 0.03 Preferred Rewards Tier with Interest Rate Booster* Account Balance Rate % APY % Bank of America Advantage Relationship Bankingǚå Rate % APY % Less than $50,000 0.01 0.01 $50,000 - $99,999 0.02 0.02 $100,000 and over 0.02 0.02 Promotional CD/IRA Products Featured CD/IRAåě 12 Month Account Balance Rate % APY % All Balances 0.07 0.07 13 Month Account Balance Rate % APY % Less than $10,000 1.69 1.70 $10,000 - $99,999 1.69 1.70 $100,000 - $999,999 1.93 1.95 $1,000,000 and over 1.93 1.95 25 Month Account Balance Rate % APY % Less than $10,000 1.79 1.80 $10,000 - $99,999 1.79 1.80 $100,000 - $999,999 1.79 1.80 $1,000,000 and over 1.79 1.80 37 Month Account Balance Rate % APY % Less than $10,000 1.98 2.00 $10,000 - $99,999 1.98 2.00 $100,000 - $999,999 1.98 2.00 $1,000,000 and over 1.98 2.00 Minimum to open: $10,000 CDs/$2,000 IRAs 12 Month: At maturity, 12 Month Featured CD/IRA accounts will renew into another Featured CD/IRA account with the same term. 13, 25 and 37 Month: Available only in the financial center or by calling us at 844.375.7027. At maturity, 13, 25 and 37 Month Featured CD/IRA accounts will renew into a standard Fixed Term CD/IRA account with the same term. ixed Term CD/IRA Products Fixed Term CD ǔ Time Deposits & IRA/CESA CDså Less than $10,000 $10,000 - $99,999 $100,000 and over Rate % APY % Rate % APY % Rate % APY % 28 - 179 Days** 0.03 0.03 0.03 0.03 0.03 0.03 06 - 11 Months 0.03 0.03 0.03 0.03 0.03 0.03 12 - 17 Months 0.05 0.05 0.05 0.05 0.05 0.05 18 - 23 Months 0.07 0.07 0.07 0.07 0.07 0.07 24 - 35 Months 0.10 0.10 0.10 0.10 0.10 0.10 36 - 47 Months 0.55 0.55 0.55 0.55 0.55 0.55 48 - 59 Months 0.65 0.65 0.65 0.65 0.65 0.65 60 - 119 Months 0.75 0.75 0.75 0.75 0.75 0.75 120 Months 0.75 0.75 0.75 0.75 0.75 0.75 CD - Time Deposit Minimum to open: $1,000 IRA/CESA CDs Minimum to open: $1,000 IRAs / $500 CESAs **IRA/CESA CDs are not available for a term less than 6 Months IRA/CESA 18-23 Months Variable Rate CDs ǔ Time Depositså Rate % APY % All Balances 0.03 0.03 Minimum to open: $100

Reading #7

Bank of America - Resources and Information to help you manage the banking relationship after a loss

Bank of America

Resources and Information

to help you manage the banking relationship after a loss

We understand that this is an emotionally stressful time and we are here to offer support. This packet provides information that may be helpful. 00-74-0175NSB

2

Other questions you might have These are examples of typical questions, but the answers will vary depending on the type of account and the customerós state of residence. We encourage you to contact our Estate Unit (888.689.4466) to obtain the information specific to your needs. How are accounts transferred after an account owner passes away? The action taken will vary based on the way the account is owned. The table on page three provides more detailed information about ownership types. How long will it take for funds to be released? As the specifics of each account are different, the time it may take to settle an account will also vary. In general, we begin to process a request as soon as we receive the necessary documents. Are there other bank-related products or services that may require attention? Yes, some possibilities to consider include: ò Online banking IDs and scheduled bill payments ò Direct deposits ò Debits, loan payments, scheduled Automated Clearing House (ACH), or PayPlan (mortgage, auto, boat, student, etc.) ò Credit card payments and rewards ò Investment and Retirement accounts ò Insurance products ò Safe deposit box accounts Questions you may have about needed documents Why is the death certificate needed? The death certificate gives us the information needed to verify the identity and legal residence of our customer. Can I send a photocopy of the death certificate? You can send a legible photocopy; however, depending on the circumstances, we may require a certified copy. Where do I get the death certificate? A certified copy of the death certificate is generally available from the funeral director who handled the deceasedós funeral arrangements, as well as from the Registry of Birth, Deaths and Marriages in the applicable state/county/parish/territory. You may need multiple certified copies of the death certificate when dealing with various institutions in settling the deceasedós affairs. The complexity of the estate and the number of institutions that the deceased conducted business with will help you determine the number of copies you may need. How can I deliver the death certificate to Bank of America? You can take the document to any Bank of America financial center, fax it to 866.694.9046 or mail it using the enclosed envelope. If you misplace the envelope we provided, mail the documents to: Bank of America ǔ Estate Unit P.O. Box 31655 Tampa, FL 33631-1655 Will Bank of America ask for anything else? Other documents may be required under specific circumstances. The laws of the state of residence of the deceased provide the state-specific rules for requesting and transferring the deceased customerós funds, which may impose additional requirements. We will work with you on what may be required for handling our customerós specific banking relationship. FOR FORMAL PROBATE: Court-issued Letters Testamentary or Letters of Administration appointing an executor or administrator. FOR SMALL ESTATES: A properly executed Small Estate affidavit or court order, in accordance with state laws.

3

Information about specific account ownerships

SINGLE-OWNER ACCOUNTS For individually owned accounts, the applicable transfer

process (formal probate, small estate process) generally determines when an account will be closed.

The person authorized to handle the estate will need to present the state-specific

documents establishing their authority. Accounts that are part of smaller estates: The person authorized to sign the small estate affidavit will decide when to close the account. Laws relating to value limits and court approval vary by state (of account owner residence). Accounts that are part of large estates: For larger estates, formal probate is typical. A court-appointed estate representative will present the appropriate documents, close the account and move funds to an estate account. JOINT ACCOUNTS Joint accounts are owned by more than one person. Most joint accounts are established with right of survivorship, which means that any surviving owner becomes the owner of the account after one owner passes away. The title of the account will be updated to reflect the names of the surviving owner(s) once we have the certified copy of the death certificate, updated signature card and, if required, state-specific documents. Joint accounts without survivorship: In cases where the joint account does not include survivorship, such as tenants in common or without survivorship, the surviving owner and the estate of the deceased would share the funds. For certain products, additional information and documentation may be required. Co-borrower accounts: As is the case with joint deposit accounts, co-borrowers on credit or lending products share equal responsibility for the debt. Upon the death of one borrower, the surviving borrower(s) continue to have responsibility for repayment. Note: Authorized users are not the same as co-borrowers. An authorized user has permission to use an open credit product during the lifetime of the account owner; the right ends when the account owner passes away.

ACCOUNTS HELD IN TRUST FOR (ITF) OR PAYABLE ON DEATH (POD) An account owner may name one or more beneficiaries for an account during his or her lifetime. When the account owner passes away, the funds in the account belong to the beneficiary(ies). The beneficiary or beneficiaries must provide notarized letters of instruction in addition to the death certificate. Both joint account with right of survivorship and ITF/POD account transfers are considered non-probate transfers.

IMPORTANT NOTE: Agent named in Power of Attorney A Power of Attorney designating another to act on behalf of the account owner (the principal) is valid only during that account ownerós lifetime; the power to act ends with the account ownerós death.

Documents and items that may be helpful Social Security number Will Trust paperwork Birth certificate Marriage certificate Deeds Stock certificates Safe deposit box key Military discharge papers Insurance policies and paperwork Titles (vehicle, boat, motorcycle, etc.) Name change orders Useful terms and definitions

ADMINISTRATOR The person or corporation appointed by a court to settle the estate of a deceased person if no valid will can be found or if there is a will and the named fiduciary does not serve.

LETTERS OF ADMINISTRATION Court documents obtained by the person or corporation appointed by a court to settle the estate of a deceased person if no valid will can be found or if there is a will and the named fiduciary does not serve.

BENEFICIARY Person or persons who receive the assets of an estate after all debts are satisfied. Also, a person named in an informal trust as In Trust For (ITF) or Payable on Death (POD) beneficiary on bank records.

ESTATE The assets and liabilities left by the decedent.

EXECUTOR/TRIX Person or corporation named in the decedentós will to settle the estate and approved by the court to serve as such.

FIDUCIARY A person who has been entrusted with the responsibility to manage the assets or rights of another person. May be referred to as a Guardian, Conservator, Executor or Administrator, Trustee, Representative Payee, Custodian or in some cases an Attorney-In-Fact (Agent).

LETTER TESTAMENTARY Court documents obtained by the executor/trix confirming his or her appointment as the personal representative with authority to settle an estate.

PROBATE The process of gathering a decedentós assets, paying the creditors and any taxes owed; then distributing the remainder according to the will (testate distribution) or state law (intestate distribution), as applicable.

WILL A legal document in which a person includes instructions for the distribution of his or her property and possessions after death.

Government agencies you may need to contact Social Security Administration 800.772.1213 U.S. Department of Veterans Affairs/ Cemetery Administration 800.827.1000 Defense Finance & Accounting Service (DFAS) 888.332.7411 Office of Personnel Management 1.202.606.1800

Reading #8

Bank of America Safe-Deposit Box Questions and Answers

Safe-Deposit Box Questions and Answers

Important Answers to Your Safe-Deposit Box Questions

What Is a Safe-Deposit Box?A safe-deposit box is a sturdy metal container that can be rented for storing valuables. These boxes are retained in small compartments— each having a separate lock. To meet the needs of individual renters, safe-deposit boxes are available in a variety of different sizes.

Where Are Safe-Deposit Boxes Located?Safe-deposit boxes are located in a section of our vault. The vault is a large room or rooms where cash, records, and other items of value are kept. Because the vault is constructed of cement and steel, you can rest assured knowing that the contents of your box are safe and secure.

Why Use a Safe-Deposit Box?Safe-deposit boxes are ideal for storing your valuables. Take an inventory of your items and ask yourself these questions:

• Are these items important to me?

• Would they be difficult or impossible to replace?

• Are they presently in danger of fire or theft?

• Are they liable to be lost or misplaced?

• Would safe-deposit box protection prevent these items from deteriorating?

If you've answered "yes" to any of these questions, a safe-deposit box may be just what you need.

We are responsible for providing reasonable protection for your safe-deposit box and its contents. We will not be liable for loss by fire, theft, embezzlement, or any other cause unless we have failed to exercise reasonable care in the protection of your safe-deposit box and its contents.

Who May Rent a Safe-Deposit Box?Safe-deposit boxes are available to individuals, married persons, businesses, associations, churches, clubs, miscellaneous organizations...anyone or any group that needs one.

What Are the Procedures for Renting a Safe-Deposit Box?

To rent a safe-deposit box, you must complete a lease agreement. This agreement contains the date, our name, your name, the number of the safe-deposit box, the rental fee per year, the annual due date of the rental, terms and conditions of the agreement, your signature, and our authorized signature.

Is There a Key for Each Box?When you rent a safe-deposit box, you are issued two keys, which fit only your lock. Each key should be secured in a safe—but separate— location.

What Happens if a Safe-Deposit Box Key Is Lost?

We must drill the box lock, install a new lock, and give you a new set of keys. Because lost keys create expenses for you and for us, it is critical to know the whereabouts of your keys at all times.

How Does a Safe-Deposit Box Open?Your box cannot be opened (except by force) unless one of your keys and our guard key are both used. Your key opens one set of tumblers; the guard key opens another set to release the lock. Neither key by itself can unlock the box. This gives you additional assurance as to the privacy and safety of your box contents.

What Are the Procedures for Entering My Safe-Deposit Box?Each time you wish to enter your box, you must sign an admission form. For identification purposes, the signature on this form is verified against the signature on our records. Once this process is complete, an attendant accompanies you to the safe-deposit box area. After you open and remove your box, be sure to keep it with you at all times until it is returned to the vault.

Get Bank of America Safety Deposit Box Fees Waived

Safeguarding valuables can be a worrisome affair. There are several factors to consider when thinking about the safety of your valuables and how much you're willing to pay for security. Many people rent safety deposit boxes from financial institutions to store valuables such as watches, art, and documents.

The average cost of a Bank of America safety deposit box varies according to the bank's location and the size of the box. If you want to fight bank fees and ensure money stays in your pocket, DoNotPay can help.

What Is a Safety Deposit Box Fee at Bank of America?

A safety deposit box is a secure container you can rent from your bank or credit union to store essential items. These boxes come in different sizes and can be as small as 3 x 5 inches or as large as 10 x 15 inches.

Bank of America will charge you safe deposit box fees depending on the terms set upon by the bank. For a smaller box, you may have to part with around $40 a year and upward of $300 a year for the largest box. Again, this depends on your bank and its lease terms.

Some financial institutions charge an initial deposit when renting the safety deposit box. It's therefore important to carefully go through a lease agreement to comprehend the lease terms and conditions and when they apply before agreeing to them. Here is a quick look at safety deposit box fees amongst some of the most popular financial institutions.

Box Sizes (inches)

3x5

5x5

3x10

5x10

10x10

Bank of America

$75

$125

$150

-

$300

Chase

$50

$90

$90

$115

$190

Wells Fargo

$80

-

$125

$175

$175

US Bank

$63

$85

$112

$133

$184

How To Get Safety Deposit Boxes Fee Waived on Your Own

As you're storing your valuables in a safety box, it's easy to pay the Bank of America safe deposit box fees without any second thought. But did you know there's a way to get around them? Safety deposit boxes fees aren't set in stone. With the right explanation and argument, you can appeal and avoid paying them. You can appeal safety deposit box fees on your own by

1. Contacting Bank of America by

• Phone

• Email

• Fax

• Or schedule an appointment online

2. Describe that you want your safety deposit box fees overturned

3. Explain your financial situation and why you're experiencing difficulty in making the payments

4. Reference legal statutes that cover you against hidden charges

The following documents are required to open a safety deposit box with bank of America are:

• Your ID

• Complete a rental agreement

• Pay the rental fee

A key will be given to you once your box is set up. If you default in paying your annual fees for your safe deposit box. Once there is inactivity, it will be considered dormant. Bank of America charges a replacement fee of $20 If you lose your box keys. To access your safety deposit box, you must email the bank with the following details:

• your full name,

• Your address; and

• Your phone number .

Once you are given an appointment, you must go to the bank with your safe deposit box key, where you will be required to sign a letter of admission slip to get access to the safe deposit box. Hard to replace documents should be stored in a safety deposit box such as contracts and an inventory of personal property.

The items listed below cannot be stored in Bank of America's safety deposit box:

• Cash

• Passport

• Original will

• Letter of intent

• Power of attorney

• Valuables, jewelry, collectibles

• Spare house keys

There are disadvantages of using a safety deposit box and it includes: There is limited access to items stored in your safety deposit box There is an annual rental fee There is not enough security because there have been numerous instances where the vault have been broken into and contents stolen Content seizure Outside working hours, you do not have access to the contents of your safe deposit box. Regaining possession of the items is a rigorous process. The privacy of the Safety deposit box is kept completely private. There are, however, instances of fraud where an investigation is taking place. The police have a right to obtain search your safe deposit box upon obtaining a search warrant.

SUMMARY

Bank of America's Safety deposit box fees are pricey compared to other Banks.. Safety deposit boxes are not easy to get as they are produced in small quantities and also not available in all branches. The cost of the box depends on the size, the bank and the location.

FAQ

Does Bank of America have cameras inside the vault? They do not have cameras inside the vault but at the entrance of the vault. Are the contents of the safety deposit box known by the bank? No. The bank does not know the contents. What happens to the contents of the safe deposit box if the bank becomes liquidated? If the bank fails, the FDIC will have the contents of the safe deposit box for a while and if unclaimed, hand it over to the state.

Reading #9

How to Close Down a Bank of America Account of a Deceased Loved One

How to Close Down a Bank of America Account of a Deceased Loved One Mar-15 2022

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Close down or a Bank of America Account

Closing down a bank account of a deceased loved one can be difficult. But if you're ready to move forward then simply follow the guidelines below. Make sure to take your time to not get overwhelmed in the process.

Remember: GoodTrust can help you take any of these actions and save you the time, stress and hassle. Check out our Digital Executor feature to learn more.

How to Close a Bank of America Account of a Deceased Loved One:

Wether you have the password to the account or not, to legally close the account you need to have the following documents ready:

1. Personal Information: The deceased's full legal name and Social Security number

2. Death Certificate (Usually provided by the funeral home or local government agencies) Other documents that may be requested are:

3. Small Estate Affidavit: Provided by your legal advisor, small estate affidavits are used to obtain a deceased's assets without formal administration

4. Letters Testamentary or Letters of Administration: Are issued by the court if formal probate is required. After collecting these documents, you should:

• Contact a Bank of America and notify them of the death. They will then assign you a specialist and case number. To notify them you can either:

• • send a copy of the death certificate and other administrative documents to estateservicing@bofa.com and include a contact phone number and the best time of the day to reach you.

  • or schedule an appointment and bring the death certificate, a valid ID of yours and any additional documents like a trust or will with you.

• Upon approval, all funds will be transferred to your preferred account.

For further information can contact estate servicing at 888-689-4466.

Need help? GoodTrust is a trusted expert in managing digital legacy and our experienced team knows exactly how to help you quickly delete, memorialize, or extract content from sites like these.

Reading #10

How to File a Small Estate Affidavit in California

How do I claim a deceased relatives bank account?

In these cases, simply visit the bank with a valid ID and a certified copy of the death certificate. You will then have access to the account, allowing you to withdraw the funds as needed.

If the deceased person had no will and the only asset is money deposited in a bank or other financial institution, and the amount is less than $15,000.00, an heir-at-law may be able to claim those assets by completing an affidavit for financial institution without petitioning for Letters of Administration.

How do I transfer a bank account to a deceased person?

A transfer on death (TOD) account automatically transfers its assets to a named beneficiary when the holder dies For example, if you have a savings account with $100,000 in it and name your son as its beneficiary, that account would transfer to him upon your death.

How do I claim my deceased father's bank account?

If your parents named you, on the form provided by the bank, as the "payable-on-death" (POD) beneficiary of the account, it's simple. You can claim the money by presenting the bank with your parents' death certificates and proof of your identity.

Closing a bank account after someone dies

Once you've notified the bank, the deceased's bank account will be frozen and any payments going in and out of the account, such as direct debits and standing orders, will be stopped.

How long can you keep a deceased person's bank account open?

Then the procedure of transferring money to the nominee starts and the account remains in the dormant state for 6 months to 12 months (differs from bank to bank). Here are the Required documents: Application, stating that the account holder has passed away, Notarized death certificate.

Can you take money out of a deceased persons bank account?

Once a Grant of Probate has been awarded, the executor or administrator will be able to take this document to any banks where the person who has died held an account. They will then be given permission to withdraw any money from the accounts and distribute it as per instructions in the Will.

How to File a Small Estate Affidavit in California

California's small estate affidavit procedure provides an easy way to inherit property. Find out if your loved one's estate qualifies and what steps you need to take. by Brette Sember, J.D.

updated May 02, 2022 · 3min read

Probating a will can be both a time-consuming and an expensive process. These are two reasons that the California Probate Code 13050 has created a procedure that allows a beneficiary to inherit a small estate without jumping through all the hoops of a formal probate proceeding. Preparing a small estate affidavit in California is simple and fast.

Estate Qualification

Because this process is only for small estates, the total estate must be worth $150,000 or less. This process is not to be used for transferring title to real property (such as a home), although the value of real and personal property of the deceased is included in the calculation. To determine if your loved one's estate qualifies, you need to total all the property they owned and add in any life insurance or retirement benefits that are paid to the estate (not those that are payable to another person).

Related: What assets need to be listed for probate?

As stated by the California Judicial Branch, you do not include the following items in your total:

• Cars, boats, or mobile homes

• Real property outside of the state of California

• Property held in trust, including a living trust

• Real or personal property that the person who died owned with someone else (joint tenancy)

• Property (community, quasi-community, or separate) that passed directly to the surviving spouse or domestic partner

• Life insurance, death benefits, or other assets not subject to probate that pass directly to the beneficiaries

• Unpaid salary or other compensation up to $5,000 owed to the person who died

• The debts or mortgages of the person who died (and you are not allowed to subtract the debts of the person who died)

• Bank accounts that are owned by multiple persons, including the person who died

The final total must not exceed $150,000 in order to qualify for the California small estate affidavit form.

Your Qualification You're entitled to use the small estate procedure if you have a legal right to inherit from the deceased. People who qualify include a beneficiary in the deceased's will and the guardian or conservator of the estate.

If the deceased died without a will (intestate), then you must be someone who has a right to inherit under the state intestacy inheritance law (spouse, child, or possibly other relatives if no spouse or child exists).

The estate must not already be in probate court before you begin your procedure. If it is, the personal representative of the estate must agree in writing to let you file a small estate affidavit.

California Small Estate Affidavit Instructions

If you and the estate qualify, then you can complete the affidavit. Follow these steps:

1. Obtain and complete the California small estate affidavit. You must obtain the form used by the probate court in the county where the deceased was a resident. You can obtain it in person or by accessing your court's self-help center online and downloading the form there. Follow the instructions on the form to complete it.

2. Include attachments. You will need to attach the following documents to the affidavit of a small estate:

• A certified copy of the death certificate of the person who died

• Proof that the deceased owned the property you are listing (bank statements, storage receipts, stock certificates, etc.)

• Proof of your identity (a driver's license, state ID, or passport)

• An Inventory and Appraisal(Form DE-160) of all real property owned by the decedent in California. Get this form signed by a probate referee at the court before attaching it (call the court and ask how to get it signed). If there is no real property, then you do not need this form.

3. Obtain other signatures. If anyone else is legally entitled to inherit from the deceased, they must sign the affidavit, agreeing to let you inherit all of the property you have listed.

4. Get the documents notarized. While the state of California does not require you to get the form notarized, you will need to present the document to financial institutions to get the deceased's property transferred, and they will require that it be notarized.

5. Transfer the property. You must wait until 40 days after the date of death to take the affidavit and attachments to any person or company holding the property you are seeking to have transferred to you.

The small estate affidavit procedure for California is relatively simple to complete and allows you to obtain access to your loved one's property quickly. Whether an estate is large or small, it is important to have estate planning documents in place—before they are needed.

Reading #11

What Happens to a Deceased Person's Bank Account

What Happens to a Deceased Person's Bank Account?

Who Gets the Bank Account Funds?

How a deceased person's bank account will be treated after they pass will depend on how they owned the account. Several different questions need to be answered in order to determine who gets the bank account funds, including:

• Was the deceased person the sole owner of the account?

• Is there a named beneficiary?

• Did the decedent have a will?

As with most estate planning matters, you can have full control over who will get your bank account funds when you pass by creating an estate plan. However, individuals who pass without an estate plan may have their assets distributed in unintended ways.

Account Ownership and Beneficiary Designations

If you owned the account jointly with another person or named a beneficiary, the account will pass to that person. This is true even if you did not have a will.

Bank accounts and certain other assets with joint owners or designated beneficiaries are transferred outside of the probate process. If your total probate assets are under North Carolina's threshold for small estates, your estate may qualify for a simplified probate procedure as well.

Naming a beneficiary for your bank accounts and retirement accounts is a simple way to keep assets out of probate and clearly designated you should receive the accounts. However, you should still have a will to control other types of property.

Bank Accounts That Go Through Probate

If a bank account has no joint owner or designated beneficiary, it will likely have to go through probate. The account funds will then be distributed—after all creditors of the estate are paid off—according to the terms of the will.

When a person passes without a will, North Carolina's intestacy laws control who receives their property. Assets typically pass to a surviving spouse and the decedent's children first. If a decedent is unmarried and childless, assets with go to the next of kin, beginning with parents, then siblings, and finally more distant relatives. This situation is not ideal because the decedent does not have any control over who receives their property.

To control who will get your assets, have an estate planning attorney draft your will and review your situation to determine if any further estate planning strategies are needed.

Contact Our Experienced Estate Planning Lawyers Today

King Law handles estate planning matters in North and South Carolina, including wills, trusts, and estate administration. Follow us on Facebook for more information and updates on legal issues.

Where does a person's money go when they die?

When a person dies, their assets pass to their estate. If there is no money or property left, then the debt generally will not be paid. Generally, no one else is required to pay the debts of someone who died. When someone dies, their assets pass to their estate.

Does the government take your money when you die?

This differs according to state law, but the money usually goes to the spouse or children. State law determines where the money goes if the deceased had no spouse or children. In most cases, it goes to the state.

Who gets the money when someone dies?

Any money left in the account is granted to the beneficiary they named on the account. If no beneficiary is named, the executor of the estate is in charge of dividing it up according to the will - the legally binding document that outlines who gets the deceased's assets after they die.

What is it called when you die and your money goes to your family?

Inheritance refers to the assets a person leaves to others after they die. Read about inheritance taxes and the probate process. Probate Court: Definition and What Goes Through Probate.

How long after someone dies do you get money?

Simple estates might be settled within six months. Complex estates, those with a lot of assets or assets that are complex or hard to value can take several years to settle. If an estate tax return is required, the estate might not be closed until the IRS indicates its acceptance of the estate tax return.

Reading #12

What Should I Keep in a Safe Deposit Box

What Should I Keep in a Safe Deposit Box?

Don't store documents you'll need on short notice in your safe deposit box.

By Susannah Snider / April 30, 2019, at 1:04 p.m.

A safe deposit box is typically a well-secured storage box housed at your

banking institution. Consumers lease them to store valuable objects or important

paperwork.

"The main purpose of safe deposit box is to store confidential or valuable

materials or documents that may be needed after your passing or that you

want to keep secure and safe," says Dawn Fabian, senior vice president and

retail transformation manager at PNC.

In the age of cloud storage and digital record-keeping, a safe deposit box

may seem like a relic from another era. But many consumers are responsible

for certain financial papers that are difficult or expensive to replace,

so having them stored somewhere safe is smart, experts say.

Considering opening a safe deposit box? Here's what to know.

What's a Safe Deposit Box?

A safe deposit box is a small, secure container that's housed at a bank.

The boxes can range in size from 2 inches by 5 inches to 10 inches by 15

inches or even larger. Costumers typically rent, and prices vary according

to the bank and box size. To open the box, you typically need a key. Oftentimes,

the banker also has a key that is used simultaneously with yours. You'll

only be able to access your safe deposit box during bank hours.

Safe deposit boxes are a secure way to store your belongings, but they aren't

immune to major natural disasters, such as a massive flood, experts say.

Plus, the contents are not FDIC-insured, Fabian says, so carrying separate

insurance on your valuable belongings is a smart idea.

How Much Does a Safe Deposit Box Cost?

When it comes to safe deposit box costs, "it's really a mixed bag," says

Simon Zhen, research analyst at MyBankTracker.com. Expect to pay anywhere

from $40 per year for a smaller box to a few hundred dollars for larger

boxes. Discounts are sometimes available for those who open a checking or

savings account with the bank. For example, PNC Performance Select Checking

members get a $100 annual discount on safe deposit boxes.

What Should I Keep in a Safe Deposit Box?

"The general rule is to protect documents that are difficult to replace,

but you don't need to access them regularly," Zhen says. Some documents

to consider keeping a safe deposit box are:

Birth certificates.

Marriage certificates.

Title papers for your vehicle.

Deed to your home.

Important legal documents.

Paper bond and stock certificates.

You may also want to keep valuable jewelry or a coin collection in the

box. But don't forget to make sure they're insured by your homeowners insurance

or a separate rider since they won't have FDIC insurance.

Additionally, make sure that your spouse, heirs or financial team know about

the existence of the safe deposit box and what it contains, so they can

make plans to access it after your death.

What Shouldn't I Keep in a Safe Deposit Box?

What Shouldn't I Keep in a Safe Deposit Box?

There are some documents you may not want to keep in a safe deposit box

in case you or your heirs need to access them quickly. Don't keep these

documents in a safe deposit box:

Cash.

Passports.

Drivers' licenses.

Social Security cards.

The original copy of your will.

Health care directives, such as a living will.

First, you don't want to store documents that you may need unexpectedly,

such as your passport or Social Security card. The risk is that, at the

moment you need one of these documents, the bank won't be open, and you'll

have to wait until the next morning or the start of the next week to get

access.

When it comes to estate-planning documents, such as your will, the decision

to keep them in a safe deposit box is a bit more complex. "We do not recommend

to clients to keep wills in safe deposit boxes," wrote Gerry Joyce, managing

director and national head of trusts and estates at Fiduciary Trust Company

International in New York City, in an email. Doing so may cause a "chicken

and egg" scenario in which the safe deposit box can only be opened by the

executor, but the executor can't be appointed by a probate court without

the original will, Joyce says. "We often prefer to see the client leave

the original will with their attorney or in a fire-proof safe at home," Joyce

says.

State law determines how banks provide safe deposit box access to heirs

or executors, says Jennifer Guimond-Quigley, an attorney in Chicago. "As

long as the process is followed, the bank is supposed to remove the will

and file it with the court," she says. It's worth it to check with your

bank or estate-planning attorney to verify that your heirs will be able

to find and access your will if it's in a safe deposit box. She agrees that

keeping a will in a sturdy safe at home, or even at your attorney's office,

may make accessing it more simple for your heirs.

The same logic applies to documents your family may need if you fall seriously

ill. Living wills and medical powers of attorney should be stored in a secure

place to which your family has ready access.

What Are Alternatives to a Safe Deposit Box?

If a safe deposit box is too expensive or old-school for your taste, consider

using an alternative. A fireproof and waterproof safe can protect your documents

from a disaster or a nosy houseguest. These are available for as little

as $50. Experts note, however, that unless it's bolted to strong surface,

a thief could run off with your safe and figure out how to open it off-site.

There are also ways back up the documents stored in a safe deposit box or

home safe. Consider storing copies of your original documents on a safe

online storage platform. Take a photo of the contents of your safe deposit

box, so you or your heirs can easily reference what's stored within, Fabian

says.

The bottom line is that your heirs should be aware of ǔ and know how to

access ǔ whichever secure method you use to store your important documents

and paperwork.

I am missing items from my safe deposit box. The bank has stated that it

is not at fault. What can I do?

Your remedies generally depend on state law or the safe-deposit agreement.

Typically, banks use control systems to ensure that only authorized persons

have access to safe deposit boxes. The goal is to allow only the safe deposit

box renter to have access to and the ability to remove items from the box.

A bank may defend itself against a claim of unauthorized access or missing

items by showing that its controls were followed. There are two main types

of controls:

Dual control: Two peopleùusually a bank employee and the renterùare required

to open the box. In this way, no one person can ever open the box and remove

the contents.

Authorized signature: When the safe deposit account is opened, all persons

authorized to access the box sign a signature card. The bank allows only

those individuals to open the box. From then on, the bank records the signature

of any individual allowed to open the box.

Dual control is recommendedùor may be required by state lawùwhenever a

safe deposit box is opened without the renter's permission. This could include

instances when a safe deposit box is opened due to

court order,

search warrant,

rental delinquency on the box, or

branch closure.

Generally, when a safe deposit box is opened under any of these circumstances,

at least two people must be present to inventory the box's contents. The

bank will keep the contents in the vault for safekeeping.

Contact the bank immediately if you believe content is missing from your

safe deposit box. If your bank is a national bank or federal savings association,

and you are unable to resolve the issue with the bank, file a written complaint

with the Office of the Comptroller's (OCC) Customer Assistance Group.

If your bank is not a national bank or federal savings association, you

should file a complaint with the appropriate regulator.

Last Reviewed: April 2021

Do banks know contents of safety deposit boxes?

No matter what you store in your safe deposit box, be aware that it isn't

insured by the bank, by the FDIC or by any other government agency. Remember,

your bank has no idea what's kept in your box.

Who knows what's in your safety deposit box?

To access what's in your safe deposit box, you'll need to go to the branch,

show proof of identity and provide your key. As the owner of its contents,

only you, and not the bank, know what's held inside it. (The bank or credit

union does not hold a copy of your personal key; only you do.)

Who is the only person allowed to open the safety deposit box?

Who can access a safe deposit box? Two people must access the box, typically

a bank staff and the client. Thus, no individual will ever be able to unlock

the box and steal its contents. Signature authorization: When the safe deposit

box account is opened, all authorized users sign a signature card.

What are disadvantages to a safe deposit box?

There are also some downsides to safe deposit boxes. Banks have limited

liability. If items in your safe deposit box are lost, misplaced or destroyed,

you're generally out of luck. Contents of a safe deposit boxùincluding

cashùaren't protected by FDIC insurance, which only protects money in deposit

accounts.

Can the FBI seize your safety deposit box?

The only way the FBI could seize the racks of boxes would be to take possession

of the contents too. Any judge reviewing the warrant request would recognize

a threat to the rights of what turned out to be about 700 customers who

had locked away some of their most private and valuable belongings.

Can the IRS freeze your safe deposit box?

IRS representatives cannot arbitrarily gain access to your box. However,

they can serve a Notice of Levy or Seizure requiring us to freeze your box.

The IRS requests that you open the box in the presence of their representatives.

Does bank need court order to freeze account?

Freezing your bank account

If your creditor wants to get a third party debt order, they will first

apply for a temporary order called an interim third party debt order. This

order tells your bank or building society to freeze your account.

Once a bank or other asset holder receives a restraining notice or levy,

they are required to hold the asset and freeze up to twice the amount of

the judgment. If the judgment debtor maintains a safe deposit box at the

financial institution, the box will be sealed as well.

Can you stash cash in a safety deposit box?

A: There is no law against keeping cash in a safe deposit box. The bank

clerk is correct that a court can order the opening of your box to reveal

what you are hiding, but you must first be accused of some wrongdoing. For

instance, you would need to have evaded paying your taxes or some other

debt.

Can you put large sums of money in a safety deposit box?

Is It Illegal to Put Money in a Safe Deposit Box? There are no federal laws

concerning safe deposit boxes. As such, there are very few protections for

those who have their property stolen or destroyed. Keeping cash in a safety

deposit box is not technically illegal.

Social Security 社会保障

Social Security Statement + Retirement Benefit Social Security Statement How do I report wages to Social Security?

You can now sign up for email or text reminders to report monthly wages for SSI at https://www.ssa.gov/ssiwagereporting/. FOR MORE INFORMATION, CALL 1━800━772━1213 (TTY 1━800━325━0778), VISIT OUR WEBSITE (www.ssa.gov) ON THE INTERNET, OR CONTACT YOUR LOCAL SOCIAL SECURITY OFFICE.How do I get my Social Security Statement?

Get a Copy of Your Social Security Statement

By calling the main SSA phone line at 1-800-772-1213.

By contacting your local SSA office.

By creating an online account with the SSA's website.

A Social Security Statement is a statement that is available through the Social Security Administration (SSA). It shows you the benefits that you'll be entitled to when you retire, or if you need to file a claim for disability. ... For example, your Social Security retirement benefit is based on your earnings history.

Your online Statement gives you secure and convenient access to your earnings records. It also shows estimates for retirement, disability and survivors benefits you and your family may be eligible for. To set up or use your account to get your online Social Security Statement, go to Sign In Or Create An Account.

How do I get a statement of benefits from Social Security?

Your Social Security Statement is now at your fingertips

Verify your earnings history;

View estimated Social Security benefits based on your past earnings;

View Social Security and Medicare taxes you've paid over your lifetime,

Print your current Social Security Statement; and.

Request a replacement Social Security card (in some states)

How often do you get a Social Security Statement?

A: You'll receive a statement once every five years from age 25 to 60, then annually until you start receiving benefits. The statements are mailed three months before your birthday. But you can get a benefit estimate anytime with a My Social Security account (www.ssa.gov/myaccount).

Can you collect Social Security if you never paid into it?

Social Security is an earned benefit. In order to collect a retirement or disability benefit, a worker must pay into the system for at least 10 years. In some cases, nonworking family members, such as a spouse, may be eligible for benefits based on the worker's record.Social Security Retirement BenefitYou can get Social Security retirement benefits as early as age 62. However, we'll reduce your benefit if you retire before your full retirement age. ... Some people will stop working before age 62. But if they do, the years with no earnings will probably mean a lower Social Security benefit when they retire.

What is the minimum monthly Social Security retirement benefit?

The average Social Security benefit for a retired worker in 2017 was $1,404, with a disabled worker drawing $1,197 on average. The maximum possible benefit sits at $2,639 right now for people retiring at 62, but you would have to earn the highest taxable earnings for over 35 working years to get that payout.What is the maximum Social Security benefit at age 67?

The maximum monthly Social Security benefit at full or normal retirement age is $2,788 for 2018 and $2,861 for 2019. However, the maximum allowable benefit amount is only payable to those who had the maximum taxable earnings for at least 35 working years.What is the minimum Social Security benefit for 2018?

In 2018, you'll get one credit for every $1,320 in Social Security taxable earnings, and there is a maximum of four per year. So, to become eligible, you'll need to work for at least 10 years with earnings of at least $5,280 per year, in 2018 dollars.What is the minimum amount you can receive from Social Security?

A worker has to have at least 11 years of earnings to qualify for the special minimum benefit, with a minimum amount earned each year....

Basics of Social Security's minimum benefit.

Years of Coverage

Minimum Benefit at Full Retirement Age

15

$216.30

16

$260.30

17

$304

18

$347.70

Taxes on Social Security Benefit

Benefits For Your Spouse. Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits. You can also qualify for Medicare at age 65.You'll be taxed on: up to 50 percent of your benefits if your income is $25,000 to $34,000 for an individual or $32,000 to $44,000 for a married couple filing jointly. up to 85 percent of your benefits if your income is more than $34,000 (individual) or $44,000 (couple).

How do you calculate Social Security tax?

Calculate Social Security Tax. Multiply the employee's gross taxable wage by 6.2 percent. This is the employee portion of Social Security Tax. For 2019, the maximum amount of taxable earnings is $132,900.

Is Social Security taxable in 2018?

The maximum annual taxable Social Security earnings for a taxpayer have increased 7 percent to $128,400 for the tax year 2018. Meanwhile, a taxpayer is required to pay a maximum annual Social Security tax amount of $7,960.80 in 2018, an increase of $74.40 from 2017.

What happens to Social Security disability when you turn 62?

A note for those who are receiving both SSI and Social Security disability insurance (SSDI): When these "dual beneficiaries" turn 62, they will continue to receive SSDI until full retirement age, at which time the SSDI will convert to Social Security retirement.Will SSI recipients receive stimulus check?

While SSI beneficiaries will receive the full $1,200 stimulus payment automatically, those who didn't file federal tax returns in 2018 or 2019 will need to use the IRS online tool for non-filers to register to receive an additional $500 stimulus payment per qualifying child.

Social Security - Supplemental Security Income (SSI) BenefitsSupplemental Security Income (SSI) Benefits. The Supplemental Security Income (SSI) program pays benefits to disabled adults and children who have limited income and resources. SSI benefits also are payable to people 65 and older without disabilities who meet the financial limits.

How much does SSI pay per month?

The monthly payment amount for the SSI program is based on the "federal benefit rate" (FBR). In 2019, the FBR is $771 per month for individuals and $1,157 for couples (and the FBR increases annually if there is a Social Security cost-of-living adjustment). The FBR is the maximum federal monthly SSI payment.

Disability Benefits. Social Security pays disability benefits to people who can't work because they have a medical condition that's expected to last at least one year or result in death. Find out if you qualify and how Social Security can help you.

How much does disability pay per month?

It is not based on how severe your disability is or how much income you have. Most SSDI recipients receive between $800 and $1,800 per month (the average for 2019 is$1,234). However, if you are receiving disability payments from other sources, as discussed below, your payment may be reduced.

What conditions qualify for disability?

What Medical Conditions Qualify for Social Security Disability or...

musculoskeletal problems, such as back injuries.

cardiovascular conditions, such as heart failure or coronary artery disease.

senses and speech issues, such as vision and hearing loss.

respiratory illnesses, such as COPD or asthma.

What medical conditions qualify for long term disability?

Some of the medical conditions that may qualify you for long term disability benefits include, but are not limited to:

Cancer.

Bi-polar Disorder.

Crohn's Disease.

Chronic Fatigue Syndrome.

Degenerative Disc Disease.

Fibromyalgia.

HIV/AIDS.

Lupus.

Supplemental Security Income (SSI)

To qualify for this benefit program, you must meet the following requirements:

Be at least age 65;

Be blind or disabled;

Have limited income and resources; and

Be a Citizen or national of the U.S. or an alien who meets certain applicable requirements or

Reside in one of the 50 States, District of Columbia, or the Northern Mariana Islands, except for a child of military parent(s) assigned to permanent duty anywhere outside the United States or certain students temporarily abroad.

How much money can you have in the bank if you are on SSI?

Unlike SSDI, SSI does have income and resource limits. In most cases, you can't receive SSI if your available resources, including the money in your bank account, exceed $2,000. If you are married, your available resources can't exceed $3,000.

What other benefits can I get with SSI?

SUPPLEMENTAL SECURITY INCOME (SSI) AND ELIGIBILITY FOR OTHER GOVERNMENT AND STATE PROGRAMS

MEDICAID. ...

SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (formerly "FOOD STAMPS") ...

TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) ...

AFFORDABLE HEALTH INSURANCE FOR CHILDREN WHO NEED IT. ...

STATE OR LOCAL ASSISTANCE BASED ON NEED.

What is the SSI income limit for 2018?

In 2018, the FBR is $750 per month for individuals and $1,125 for couples. (The FBR increases annually if there is a Social Security cost-of-living adjustment.) To qualify for SSI, your countable monthly income cannot exceed the FBR.

How much SSI does a autistic child get in 2018?

If you can get your child approved for monthly SSI payments (which isn't easy), there are many ways you can make use of the benefit. Your child's SSI payment amount will vary depending on the state you live in and whether your child has any countable income, but the federal base rate for 2018 is $750/month.

What is the maximum SSI benefit for a child?

Finally, from that amount, you are authorized to deduct an amount equal to the SSI federal benefit rate, which is approximately $735 for an individual, $1,103 per couple, or $368 for an essential person. Whatever remains is the amount of income the SSA deems to the disabled child.

Will marriage affect SSI benefits?

If you are receiving Social Security disability benefits under your own work record (meaning you are the disabled worker), then getting married will not affect your benefit payments. This is the case no matter whether your future spouse works, receives disability benefits, or has no income.

What can I use SSI money for?

You may not use these monies for basic monthly maintenance costs such as food, clothing, or shelter. You must use the regular monthly SSI benefit for the child's food, clothing, or shelter. If there are any questions on use of the funds, contact your local Social Security office.

Can you work while receiving SSI?

The Social Security Administration defines "substantial" as earning more than a certain amount each month. For 2018, you can work and collect your disability benefits as long as your earnings don't exceed $1,180 per month, or $1,970 if you're blind . However, there are also exceptions to this rule.

Will I lose my SSI if I get a job?

If you lose benefits because your wages put your income above the SSI income limit, your SSI payments will stop. However, if you became unable to work again because of your medical condition, your benefits can be easily restarted in some situations.

How much can I earn on SSI in 2018?

Income Limits. As of 2018, if you have earned income of more than $1,180 per month at the time you apply, you are not eligible for SSI benefits. This figure is known as "substantial gainful activity," which Social Security uses as evidence you are not disabled. The figure changes each year, and it was $1,170 in 2017.

Why would SSI benefits stop?

Social Security disability benefits are rarely terminated due to medical improvement, but SSI recipients can lose their benefits if they have too much income or assets. Although it is rare, there are circumstances under which the Social Security Administration (SSA) can end a person's disability benefits.

Will SSI know if I leave the country?

Usually, if you leave the United States for 30 days or more, you can no longer get SSI. ... Then, we can tell you if your SSI will be affected. After you have been outside the United States for 30 or more days in a row, your SSI can't start again until you have been back in the country for at least 30 straight days.

Does owning a car affect SSI?

Yes. If you receive Social Security Disability Insurance (SSDI), there is no limit to how many cars you can own. If you receive Medicaid or Supplemental Security Income (SSI), you are allowed to own one car. We have a lot more information about disability benefits and cars here.

Can you have 2 cars on SSI?

If you are on SSI, owning one car will not count. Owning two cars can cause problems. For married couples, the same rules apply! Only one car per couple.Can SSI pay for your rent?

While Social Security Disability does not offer specific aid for utilities or rent, you can use your benefit payments for whatever you choose. ... However, there is no reason why you can't use your SSI and SSDI payments to pay for things like rent and utilities.

Can I own a home on SSI?

SSI disability beneficiaries can own the home and land they live on, but other property will be counted as an asset. And to receive SSI, you can't have over $2,000 in assets (or $3,000 if you're married). Of course, it's unlikely that someone receiving SSI alone would be able to afford a house.

Can I spend my SSI on anything?

While you can use your SSI benefits for virtually anything that's legal, you must be wary of using the money in ways that can increase your resources. ... All in all, the wise way to use your SSI benefits is to spend it on essentials such as food, home, healthcare, and other living expenses.

Can SSI look into my bank account?

Can Social Security Check My Bank Account? For those receiving Supplemental Security Income (SSI), the short answer is yes, the Social Security Administration (SSA) can check your bank accounts because you have to give them permission to do so.

Do you have to pay back SSI?

If you no longer receive SSI or SSDI, Social Security will request the full amount of the overpayment from you, but you can negotiate a repayment plan to pay it back over time. If you don't pay it back, Social Security can take your federal tax return and take other measures.

Can you go to jail for not reporting income to SSI?

As was the case with Anthony Patrick Stanford, if you are convicted of disability fraud, you can be made to not only repay what you have received, but you can also be imposed with fines and jail time. In most cases, felony penalties can add up to a maximum of $250,000, including up to 5 years of jail time.

SSI and WorkWorking While Receiving Supplemental Security Income (SSI)1. Can You Work While Receiving Supplemental Security Income? Yes. If you receive SSI, income from work performed each month will be deducted from your monthly SSI benefits. You should report any earned income to the Social Security Administration. You should report your gross income (before taxes). Failure to do so will result in an overpayment, and you will owe money back to the Social Security Administration. In rare circumstances, the Social Security Administration may believe you committed fraud and could investigate you for criminal prosecution.

2. If You Work, How Much Money Will Be Withheld From Your SSI Check? If you work while receiving SSI benefits, the Social Security Administration will disregard the first $65 you earn plus one-half of the remaining portion of your monthly earnings.

Here are some examples:

Example #1 ━ Suppose you usually receive monthly SSI checks of $931 (the maximum monthly SSI benefit as of 2019). If you earn $65 or less in a given month from wages, you will still receive your regular $931 check. Your SSI check stays the same because the Social Security Administration disregards the first $65 of earned income when calculating your monthly benefit amount.Example #2 ━ Now, suppose you usually receive monthly SSI checks of $931. If you earn $165 in a given month from wages, you will receive an $881 check. The Social Security Administration disregards the first $65 of earned income when calculating your monthly benefit amount, leaving you with $100 of earned income. Then, before deducting this amount from your monthly benefit check, they cut that number in half. Therefore, the total amount to be deducted from your check would be $50. If you subtract $50 from your regular monthly check of $931, you are left with $881.

3. How Should I Report My Earnings to Social Security?

Make copies of every pay stub you receive and drop them off at your local Social Security Office every month. You should make a second copy of the pay stubs for you to keep. Ask Social Security to stamp your copy received so you have proof. Revised 2/2019 Page | 2

4. When Will Social Security Reduce My Check For Earnings?

Social Security is slow to process changes in your benefits. It generally takes 2 months for them to lower your check after you report wages. For example, if you turn in your January paystubs, your March SSI check will be reduced according to what you earned in January.

5. What Expenses Can Be Deducted From Earnings?

Social Security will deduct work expenses related to your disability from your earnings before they calculate your monthly income. These expenses may include the cost you pay for any item or service you need to work. Examples of possible item deductions are: a seeing-eye dog, prescription drugs, transportation to and from work (under very specific conditions), a personal attendant or job coach, a wheelchair, or any specialized work equipment.

6. When Will SSI Terminate My Benefits for Working? Remember, if you are getting SSI because you are disabled, Social Security has determined that you are unable to work. If you engage in substantial gainful activity (SGA), Social Security may terminate your benefits. As of 2019, if you earn $1,220 or more (gross before taxes) in one month, you are presumed to be engaging in SGA.

7. Can Your Medi-Cal Coverage Continue Even if You Make Too Much Money to Receive SSI Cash Payments? Yes, your Medi-Cal coverage can continue, even if your earnings and your other income become too high for an SSI cash payment. To qualify, you must:

? Have been eligible for an SSI cash payment for at least one month;

? Still be disabled;

? Still meet all other eligibility rules, including the resources test;? Need Medi-Cal in order to work; and

? Have gross earned income that is insufficient to replace SSI and Medi-Cal.If you need help understanding this process, please call the Law Foundation at (408) 293-4790.

Social Security - Work Creditssocial security work creditsIt takes a minimum of 40 work credits to qualify for Social Security retirement benefits. In 2017, you need $1,300 in earnings to qualify for a single credit, and you can earn up to four credits per year.

How do I find out how many credits I have for Social Security?

The number of credits you need to be eligible for Social Security depends on the program and your age. For retirement benefits, the required number of credits is simple: You have to have earned 40 credits, equivalent to 10 years of work if you earn the maximum number of credits per year.

Can a person who has never worked collect social security?

While a person can receive money if he or she is disabled and not able to work, the technical answer to the question is both ǒyes and no.ō ... It is possible for someone who has never worked to obtain disability benefits under a program called SSI or ǒSupplemental Security Income.ō

How Social Security credits are calculated?

It takes a minimum of 40 work credits to qualify for Social Security retirement benefits. In 2017, you need $1,300 in earnings to qualify for a single credit, and you can earn up to four credits per year. However, not all types of income count for earning work credits.

What is the minimum Social Security benefit for 2018?

The maximum possible Social Security benefit for someone who retires at full retirement age is $2,788 in 2018. However, a worker would need to earn the maximum taxable amount, currently $128,400 for 2018, over a 35-year career to get this Social Security payment.

Do you need 40 quarters to qualify for Medicare?

Normally, you need to have earned about 40 ǒcreditsō or ǒquartersō by paying Social Security and Medicare payroll taxes while working ─ equal to about 10 years of work ─ in order to get Part A services without paying premiums.

At what age does Social Security Start?

If you were born between 1943 and 1954 your full retirement age is 66. Remember, the earliest a person can start receiving Social Security retirement benefits will remain age 62.

What happens if you don't have enough Social Security credits?

Not Enough Credits for Social Security Retirement. ... Those who don't have the required number of credits are not eligible for retirement benefits based on their work record. However, you may still qualify for benefits based on your spouse's benefits, even if you were a stay-at-home parent who never worked.

What is the Social Security tax rate for 2018?

The wage base for 2018 is $128,400. Your employer will withhold full Social Security taxes on your wages until they exceed that amount, and any earnings beyond that will be free from the Social Security tax. When you reach the limit, you'll have paid the maximum Social Security tax of $128,400 times 6.2%, or $7,960.80.

Social Security Tax

Social Security and Medicare Withholding Rates. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.An SSA-1099 is a tax form we mail each year in January to people who receive Social Security benefits. It shows the total amount of benefits you received from Social Security in the previous year so you know how much Social Security income to report to IRS on your tax return.

Why am I being taxed on my Social Security?

Some of you have to pay federal income taxes on your Social Security benefits. This usually happens only if you have other substantial income in addition to your benefits (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return).

How much Social Security tax do I pay in 2018?

If you earn less than $128,400 in 2018, simply multiply your earnings by 0.062 to find your Social Security tax. For example, if your salary is $50,000, your 2018 Social Security tax will be $3,100. If you earn $128,400 or more, your Social Security tax is $7,960.80, no matter how much you earn.

How is Social Security tax calculated?

First, write down (or type into a calculator) the lower of your total wages or $127,200. Then, multiply this number by 6.2% (0.062) to calculate your Social Security tax. If you're self-employed, write down the lower of your net business income (this is line 31 on IRS Schedule C) or $127,200.

How much Social Security is deducted?

However, you only pay half of this amount, or 6.2%, out of your paycheck -- the other half is paid by your employer. And, Social Security taxes are only applied to the first $118,500 in wages for the 2015 tax year, which can make the effective Social Security tax rate less for higher-income individuals.

How much Social Security income is taxable?

If income is between $25,000 and $34,000, up to 50 percent of your benefits may be subject to tax. For income of more than $34,000, up to 85 percent of your benefits may be considered taxable income. If you and your spouse file a joint return with a combined income below $32,000, your benefits are out of reach.

Does Social Security get taxed?

Income Taxes And Your Social Security Benefit. Some of you have to pay federal income taxes on your Social Security benefits. ... between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits. more than $34,000, up to 85 percent of your benefits may be taxable.

How much of Social Security is taxable for a single person?

Depending on your income and filing status, up to 85% of your Social Security benefit can be taxable: If you're single, a combined income between $25,000 and $34,000 means that up to 50% of your benefits could be taxable.

Does Social Security tax count as federal?

A certain amount goes toward federal income tax withholding, which later gets credited against what you owe the IRS on your federal tax return. ... Medicare taxes apply to an unlimited amount of earnings. But there's a wage base limit above which you'll no longer owe additional Social Security tax.

How does Social Security tax work?

We use the Social Security taxes you and other workers pay into the system to pay Social Security benefits. You pay Social Security taxes based on your earnings, up to a certain amount. In 2019, that amount is $132,900. You pay Medicare taxes on all of your wages or net earnings from self-employment.

How is Social Security tax calculated on paycheck?

Both employees and their employers pay into Social Security, with 6.2 percent of an employee's taxable income withheld from each paycheck and another 6.2 percent paid by the employer in a quarterly tax payment to the federal government ━ for a total of 12.4 percent.

Does Social Security and Medicare count as federal income tax?

Besides income taxes, there are other federal taxes withheld from your paycheck:taxes that finance Social Security and Medicare, also known as payroll taxes or FICA (short for Federal Insurance Contributions Act). ... The Medicare tax is 1.45 percent of income, with no limit.

How is Social Security benefit calculated?

Then Social Security calculates your average indexed monthly earnings during the 35 years in which you earned the most. We apply a formula to these earnings and arrive at your basic benefit, or ǒprimary insurance amount.ō ... You can begin to receive Social Security benefits as early as age 62, but at a reduced rate.

At what age is Social Security no longer taxed?

At 65 to 67, depending on the year of your birth, you are at full retirement age and can get full Social Security retirement benefits tax-free. However, if you're still working, part of your benefits might be subject to taxation.

Do you have to pay income tax after age 70?

You may or may not be free from paying income tax after age 70, depending on your circumstances. ... But retirement typically gives you at least a little income to live on without working. Your filing status also determines how much money you can earn before you have to file a tax return.

Do seniors pay income tax on Social Security?

Many seniors are surprised to learn Social security (SS) benefits are subject to taxes. For retirees who are still working, a part of their benefit is subject to taxation. The IRS adds these earnings to half of your social security benefits; if the amount exceeds the set income limit, then the benefits are taxed.

How can I avoid paying taxes on Social Security?

Here's how to reduce or avoid taxes on your Social Security benefit:

Stay below the taxable thresholds.

Manage your other retirement income sources.

Consider taking IRA withdrawals before signing up for Social Security.

Save in a Roth IRA.

Factor in state taxes.

Set up Social Security tax withholding.

SSI and SSDI

SSI Reading 

SSI Reading #1

Social Security - Supplemental Security Income (SSI) Benefits

Supplemental Security Income (SSI) Benefits. The Supplemental Security Income (SSI) program pays benefits to disabled adults and children who have limited income and resources. SSI benefits also are payable to people 65 and older without disabilities who meet the financial limits.

How much does SSI pay per month?

The monthly payment amount for the SSI program is based on the "federal benefit rate" (FBR). In 2019, the FBR is $771 per month for individuals and $1,157 for couples (and the FBR increases annually if there is a Social Security cost-of-living adjustment). The FBR is the maximum federal monthly SSI payment.

Disability Benefits. Social Security pays disability benefits to people who can't work because they have a medical condition that's expected to last at least one year or result in death. Find out if you qualify and how Social Security can help you.

How much does disability pay per month?

It is not based on how severe your disability is or how much income you have. Most SSDI recipients receive between $800 and $1,800 per month (the average for 2019 is$1,234). However, if you are receiving disability payments from other sources, as discussed below, your payment may be reduced.

What conditions qualify for disability?

What Medical Conditions Qualify for Social Security Disability or...

• musculoskeletal problems, such as back injuries.
• cardiovascular conditions, such as heart failure or coronary artery disease.
• senses and speech issues, such as vision and hearing loss.
• respiratory illnesses, such as COPD or asthma.

What medical conditions qualify for long term disability?

Some of the medical conditions that may qualify you for long term disability benefits include, but are not limited to:

• Cancer.
• Bi-polar Disorder.
• Crohn's Disease.
• Chronic Fatigue Syndrome.
• Degenerative Disc Disease.
• Fibromyalgia.
• HIV/AIDS.
• Lupus.

Supplemental Security Income (SSI)

To qualify for this benefit program, you must meet the following requirements:

• Be at least age 65;
• Be blind or disabled;
• Have limited income and resources; and
• Be a Citizen or national of the U.S. or an alien who meets certain applicable requirements or
• Reside in one of the 50 States, District of Columbia, or the Northern Mariana Islands, except for a child of military parent(s) assigned to permanent duty anywhere outside the United States or certain students temporarily abroad.

How much money can you have in the bank if you are on SSI?

Unlike SSDI, SSI does have income and resource limits. In most cases, you can't receive SSI if your available resources, including the money in your bank account, exceed $2,000. If you are married, your available resources can't exceed $3,000.

What other benefits can I get with SSI?

SUPPLEMENTAL SECURITY INCOME (SSI) AND ELIGIBILITY FOR OTHER GOVERNMENT AND STATE PROGRAMS

• MEDICAID. ...
• SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (formerly "FOOD STAMPS") ...
• TEMPORARY ASSISTANCE FOR NEEDY FAMILIES (TANF) ...
• AFFORDABLE HEALTH INSURANCE FOR CHILDREN WHO NEED IT. ...
• STATE OR LOCAL ASSISTANCE BASED ON NEED.

What is the SSI income limit for 2018?

In 2018, the FBR is $750 per month for individuals and $1,125 for couples. (The FBR increases annually if there is a Social Security cost-of-living adjustment.) To qualify for SSI, your countable monthly income cannot exceed the FBR.

How much SSI does a autistic child get in 2018?

If you can get your child approved for monthly SSI payments (which isn't easy), there are many ways you can make use of the benefit. Your child's SSI payment amount will vary depending on the state you live in and whether your child has any countable income, but the federal base rate for 2018 is $750/month.

What is the maximum SSI benefit for a child?

Finally, from that amount, you are authorized to deduct an amount equal to the SSI federal benefit rate, which is approximately $735 for an individual, $1,103 per couple, or $368 for an essential person. Whatever remains is the amount of income the SSA deems to the disabled child.

Will marriage affect SSI benefits?

If you are receiving Social Security disability benefits under your own work record (meaning you are the disabled worker), then getting married will not affect your benefit payments. This is the case no matter whether your future spouse works, receives disability benefits, or has no income.

What can I use SSI money for?

You may not use these monies for basic monthly maintenance costs such as food, clothing, or shelter. You must use the regular monthly SSI benefit for the child's food, clothing, or shelter. If there are any questions on use of the funds, contact your local Social Security office.

Can you work while receiving SSI?

The Social Security Administration defines "substantial" as earning more than a certain amount each month. For 2018, you can work and collect your disability benefits as long as your earnings don't exceed $1,180 per month, or $1,970 if you're blind . However, there are also exceptions to this rule.

Will I lose my SSI if I get a job?

If you lose benefits because your wages put your income above the SSI income limit, your SSI payments will stop. However, if you became unable to work again because of your medical condition, your benefits can be easily restarted in some situations.

How much can I earn on SSI in 2018?

Income Limits. As of 2018, if you have earned income of more than $1,180 per month at the time you apply, you are not eligible for SSI benefits. This figure is known as "substantial gainful activity," which Social Security uses as evidence you are not disabled. The figure changes each year, and it was $1,170 in 2017.

Why would SSI benefits stop?

Social Security disability benefits are rarely terminated due to medical improvement, but SSI recipients can lose their benefits if they have too much income or assets. Although it is rare, there are circumstances under which the Social Security Administration (SSA) can end a person's disability benefits.

Will SSI know if I leave the country?

Usually, if you leave the United States for 30 days or more, you can no longer get SSI. ... Then, we can tell you if your SSI will be affected. After you have been outside the United States for 30 or more days in a row, your SSI can't start again until you have been back in the country for at least 30 straight days.

Does owning a car affect SSI?

Yes. If you receive Social Security Disability Insurance (SSDI), there is no limit to how many cars you can own. If you receive Medicaid or Supplemental Security Income (SSI), you are allowed to own one car. We have a lot more information about disability benefits and cars here.

Can you have 2 cars on SSI?

If you are on SSI, owning one car will not count. Owning two cars can cause problems. For married couples, the same rules apply! Only one car per couple.

Can SSI pay for your rent?

While Social Security Disability does not offer specific aid for utilities or rent, you can use your benefit payments for whatever you choose. ... However, there is no reason why you can't use your SSI and SSDI payments to pay for things like rent and utilities.

Can I own a home on SSI?

SSI disability beneficiaries can own the home and land they live on, but other property will be counted as an asset. And to receive SSI, you can't have over $2,000 in assets (or $3,000 if you're married). Of course, it's unlikely that someone receiving SSI alone would be able to afford a house.

Can I spend my SSI on anything?

While you can use your SSI benefits for virtually anything that's legal, you must be wary of using the money in ways that can increase your resources. ... All in all, the wise way to use your SSI benefits is to spend it on essentials such as food, home, healthcare, and other living expenses.

Can SSI look into my bank account?

Can Social Security Check My Bank Account? For those receiving Supplemental Security Income (SSI), the short answer is yes, the Social Security Administration (SSA) can check your bank accounts because you have to give them permission to do so.

Do you have to pay back SSI?

If you no longer receive SSI or SSDI, Social Security will request the full amount of the overpayment from you, but you can negotiate a repayment plan to pay it back over time. If you don't pay it back, Social Security can take your federal tax return and take other measures.

Can you go to jail for not reporting income to SSI?

As was the case with Anthony Patrick Stanford, if you are convicted of disability fraud, you can be made to not only repay what you have received, but you can also be imposed with fines and jail time. In most cases, felony penalties can add up to a maximum of $250,000, including up to 5 years of jail time.

SSI Reading #2

SSI for Green Card holder, non US citizen. Qualified aliens may receive SSI for a maximum of 7 years

Can Green Card holders receive SSI?

Permanent residents (LPRs) cannot apply for SSI benefits until they have lived in the U.S. for five years. After five years in the U.S., an LPR will qualify for SSI only if he or she has credit for 40 "quarters" of work. ... The work of parents performed while a permanent resident is under age 18 can be counted, and.

Do you have to be a US citizen to receive SSI benefits?

Generally, to be eligible for SSI as a non-citizen, you must be in one of certain alien classifications granted by the Department of Homeland Security (DHS). Therefore, you may be eligible for SSI if you are: ... If you're a non-citizen and want to apply for SSI benefits, contact us to see if you're eligible.

How long is a green card valid for?

10 years

A Permanent Resident Card (USCIS Form I-551) Although some Permanent Resident Cards, commonly known as Green Cards, contain no expiration date, most are valid for 10 years. If you have been granted conditional permanent resident status, the card is valid for 2 years.

Can non US citizens get disability?

In many cases, non-US citizens are able to receive disability benefits from the Social Security Administration. The first example would be a permanent resident in the US who is not a citizen, but has resided in the country for long enough to have worked and paid into the Social Security payroll tax pool.

How long can I collect SSI?

To put it in the simplest terms, Social Security Disability benefits can remain in effect for as long as you are disabled or until you reach the age of 65. Once you reach the age of 65, Social Security Disability benefits stop and retirement benefits kick in.

Special Considerations for Immigration and Residency: SSI for Non-Citizens

by SAMHSA SOAR TA Center

An individual who is not a U.S. Citizen is potentially eligible for Supplemental

Security Income (SSI) under certain circumstances described below. This

resource is not exhaustive of all ways that a non-citizen may be eligible

for SSI benefits. If there is any question about eligibility or other immigration

issues, case managers should contact the Social Security Administration

(SSA) directly.

SSA refers to non-citizens as ǒaliens.ō In general, beginning August 22,

1996, most non-citizens (i.e. aliens) must meet two requirements to be potentially

eligible for SSI:

Be in a qualified alien category; and

Meet a condition that allows qualified aliens to get SSI

A non-citizen/alien must also meet all of the other rules for SSI eligibility,

including the limits on income and resources.

Who is a Qualified Alien?

There are seven categories of qualified aliens, as determined by the Department

of Homeland Security (DHS):

Lawfully Admitted for Permanent Residence (LAPR) in the U.S., which includes

"Amerasian immigrant" as defined in P.L. 100-202, with a class of admission

AM-1 through AM-8;

Granted conditional entry under Section 203(a)(7) of the Immigration and

Nationality Act (INA) as in effect before April 1, 1980;

Paroled into the U.S. under Section 212(d)(5) of the INA for a period of

at least one year;

Refugee admitted to the U.S. under Section 207 of the INA;

Granted asylum under Section 208 of the INA;

Deportation is being withheld under Section 243(h) of the INA, as in effect

before April 1, 1997; or removal is being withheld under Section 241(b)(3)

of the INA;

A "Cuban and Haitian entrant" as defined in Section 501(e) of the Refugee

Education Assistance Act of 1980 or in a status that is to be treated as

a "Cuban/ Haitian entrant" for SSI purposes.

In addition, individuals can be a ǒdeemed qualified alienō if, under certain

circumstances, they, their child or their parent were subjected to battery

or extreme cruelty by a family member while in the United States.

Additional Eligible Alien Categories

Victims of Severe Forms of Human Trafficking:

May be eligible for SSI under certain circumstances if the Department of

Health and Human Servicesó Office of Refugee Resettlement and DHS determines

that he/she meets the requirements of the Trafficking Victims Protection

Act of 2000.

Special eligibility for nationals of Iraq or Afghanistan:

Iraqi or Afghan nationals who were admitted to the U.S. as a special immigrant

may qualify for seven years of SSI benefits if they served as a translator/interpreter

for the U.S. Armed Forces in Iraq or Afghanistan or if they worked for the

U.S. government in Iraq.

Under what Conditions may a Qualified Alien be Eligible for SSI Benefits?

Individuals in one of the seven categories listed above may be eligible

for SSI if they also meet one of the following conditions. The length of

time they are eligible for SSI varies based on the conditions listed below:

Immigrants Eligible Indefinitely for Benefits

Those who were receiving SSI and lawfully residing in the U.S. on August

22, 1996.

Qualified aliens who are LAPR with 40 qualifying quarters of work.

Work done by their spouse or parent may also count toward the 40 quarters

of work, but only for getting SSI.

Quarters of work earned after December 31, 1996, cannot be counted if the

individual, spouse, or parent who worked, received certain benefits from

the United States government, based on limited income and resources during

that period.

IMPORTANT: Individuals who entered the United States on or after August

22, 1996 may not be eligible for SSI for the first five years as an LAPR

even if they have 40 qualifying quarters of coverage. There are some exceptions

to this. Contact SSA if the applicant is within the first five years as

an LAPR.

Qualified alien who is currently on active duty in the U.S. Armed Forces

or who is an honorably discharged veteran and the discharge was not because

they are an alien. This condition may also apply to the spouse, widow(er),

or dependent child of certain U.S. military personnel.

Those who were lawfully residing in the U.S. on August 22, 1996 and are

blind or disabled.

Immigrants Eligible for up to Seven Years of Benefits (after immigration

status is obtained)

Qualified aliens may receive SSI for a maximum of 7 years from the date

DHS granted the immigration status in one of the following categories, and

the status was granted within 7 years of filing for SSI:

Refugee under Section 207 of the INA;

Asylee under Section 208 of the INA;

Alien whose deportation was withheld under Section 243(h) of the INA or

whose removal is withheld under Section 241(b)(3) of the INA;

"Cuban or Haitian entrant" under Section 501(e) of the Refugee Education

Assistance Act of 1980 or in a status that is to be treated as a "Cuban/

Haitian entrant" for SSI purposes; or

"Amerasian immigrant" pursuant to P.L. 100-202, with a class of admission

of AM-1 through AM-8.

What Happens after Seven Years for those with time-limited benefits?

During the seven-year period of potential eligibility, non-citizens are

expected to work toward becoming U.S. citizens. If they do not, eligibility

will stop after seven years.

Example: Elliot arrives in 2008, and is given refugee status, which establishes

his potential SSI eligibility for seven years through 2015. In 2009, he

becomes disabled and applies for SSI. Once approved, he would receive six

years of benefits as there are six years left of his SSI eligibility. During

this time, he needs to apply for citizenship, if he has not already done

so.

SSA will send reminders to notify qualified aliens when their seven-year

eligibility period ends. Beneficiaries will receive another letter explaining

their rights to appeal before SSA stops payments.

We encourage current or former SSI recipients subject to these SSI eligibility

limits to contact the U.S. Citizenship and Immigration Services (USCIS)

to find out how to:

Expedite processing of their pending naturalization (N-400) or adjustment

of status (I-485) application; and

Waive fees for the cost associated with filing the application

For more information go to the USCIS website to access the fee waiver or

call USCIS at 1-800-375-5283

Who is a Refugee or Asylee?

A refugee or asylee is any person who is outside his or her country of nationality

who is unable or unwilling to return to that country because of persecution

or a well-founded fear of persecution.

Persecution or the fear thereof must be based on the individual's race,

religion, nationality, membership in a particular social group, or political

opinion

Refugees and asylees are eligible to adjust to lawful permanent resident

status after one year of continuous presence in the United States

All refugees and asylees have employment authorization based on their status

History of Battery and Cruelty for Immigrants

As noted above, a history of battery and cruelty within the U.S. may extend

SSI eligibility for those non-citizens who do not fit the above categories,

and they may be a ǒdeemed qualified alienō

Applicants will need to know that this question about battery and cruelty

will be asked and may need help in talking about their experiences

Question 13(a) on the SSA-8000 (SSI application) is the first question about

this issue

Question 13(b) addresses whether or not a formal petition has been submitted

with DHS for a change in immigration status because of battery or cruelty

SSA should be consulted regarding how to proceed to assist an applicant

more fully in this area

SSA Translator Services

SSA offers written materials about SSI in 15 different languages and has

interpreters available to assist applicants who have difficulty with English.

For more information, visit SSAós Multilanguage Gateway and their interpreter

services page.

Additional Resources

Spotlight on SSI Benefits for Aliens, 2018 Edition

SSI Reading #3

SSI and Work

Working While Receiving Supplemental Security Income (SSI)

1. Can You Work While Receiving Supplemental Security Income?

Yes. If you receive SSI, income from work performed each month will be deducted from your monthly SSI benefits. You should report any earned income to the Social Security Administration. You should report your gross income (before taxes). Failure to do so will result in an overpayment, and you will owe money back to the Social Security Administration. In rare circumstances, the Social Security Administration may believe you committed fraud and could investigate you for criminal prosecution.

2. If You Work, How Much Money Will Be Withheld From Your SSI Check?

If you work while receiving SSI benefits, the Social Security Administration will disregard the first $65 you earn plus one-half of the remaining portion of your monthly earnings.

Here are some examples:

Example #1 – Suppose you usually receive monthly SSI checks of $931 (the maximum monthly SSI benefit as of 2019). If you earn $65 or less in a given month from wages, you will still receive your regular $931 check. Your SSI check stays the same because the Social Security Administration disregards the first $65 of earned income when calculating your monthly benefit amount.

Example #2 – Now, suppose you usually receive monthly SSI checks of $931. If you earn $165 in a given month from wages, you will receive an $881 check. The Social Security Administration disregards the first $65 of earned income when calculating your monthly benefit amount, leaving you with $100 of earned income. Then, before deducting this amount from your monthly benefit check, they cut that number in half. Therefore, the total amount to be deducted from your check would be $50. If you subtract $50 from your regular monthly check of $931, you are left with $881.

3. How Should I Report My Earnings to Social Security?

Make copies of every pay stub you receive and drop them off at your local Social Security Office every month. You should make a second copy of the pay stubs for you to keep. Ask Social Security to stamp your copy received so you have proof. Revised 2/2019 Page | 2

4. When Will Social Security Reduce My Check For Earnings?

Social Security is slow to process changes in your benefits. It generally takes 2 months for them to lower your check after you report wages. For example, if you turn in your January paystubs, your March SSI check will be reduced according to what you earned in January.

5. What Expenses Can Be Deducted From Earnings?

Social Security will deduct work expenses related to your disability from your earnings before they calculate your monthly income. These expenses may include the cost you pay for any item or service you need to work. Examples of possible item deductions are: a seeing-eye dog, prescription drugs, transportation to and from work (under very specific conditions), a personal attendant or job coach, a wheelchair, or any specialized work equipment.

6. When Will SSI Terminate My Benefits for Working?

Remember, if you are getting SSI because you are disabled, Social Security has determined that you are unable to work. If you engage in substantial gainful activity (SGA), Social Security may terminate your benefits. As of 2019, if you earn $1,220 or more (gross before taxes) in one month, you are presumed to be engaging in SGA.

7. Can Your Medi-Cal Coverage Continue Even if You Make Too Much Money to Receive SSI Cash Payments?

Yes, your Medi-Cal coverage can continue, even if your earnings and your other income become too high for an SSI cash payment. To qualify, you must:

▪ Have been eligible for an SSI cash payment for at least one month;

▪ Still be disabled;

▪ Still meet all other eligibility rules, including the resources test;

▪ Need Medi-Cal in order to work; and

▪ Have gross earned income that is insufficient to replace SSI and Medi-Cal.

If you need help understanding this process, please call the Law Foundation at (408) 293-4790.

SSI Reading #4

How Much Can I Have in Assets and Still Be Eligible for Disability Benefits

How Much Can I Have in Assets and Still Be Eligible for Disability Benefits?

The SSI program limits how much you can have in assets (property) and still be eligible for disability benefits, but many types of assets don't count.

By Bethany K. Laurence, Attorney

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Get help with your claim now. Our experts have helped thousands like you get cash benefits.

Please answer a few questions to help us determine your eligibility.

How old are you?

Select an answer 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 Select an answer 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65

Supplemental Security Income (SSI) is a need-based program for people who have disabilities and low income and low assets. (In contrast, Social Security disability insurance, or SSDI, has no asset limits, but does have work history requirements. Individuals who qualify for SSDI are able to do so because the taxes they've paid have allowed them to become "insured" for SSDI benefits. Learn more about SSDI eligibility.)

What Are SSI's Asset Limits?

To be eligible to receive SSI benefits based on disability, an SSI applicant who is single cannot have more than $2,000 in assets. (But not all assets count toward the SSI resource limit, as discussed below.)

If an SSI applicant or recipient is married (even if only one person is eligible for disability), the asset limit is $3,000. All of a spouse's assets count toward the limit except for the spouse's IRA or pension plan.

Similarly, if a child under 18 is the SSI applicant or recipient, the parent's assets will count toward the asset limit if the child lives with a parent. The Social Security Administration (SSA) will also count the assets of a parent's spouse. The SSA will ignore the first $2,000 of a parent's total countable resources, or, if the child lives with two parents, $3,000. Any assets above that amount will be counted toward the child's $2,000 resource limit.

What Assets Count Toward the SSI Asset Limit?

How does the SSA define assets? The SSA actually calls assets "resources," which are money or something you own that you could turn into cash. The following items will count as resources:

• cash in hand
• money in a checking or savings account
• cash value in life insurance policies (over $1,500)
• stocks and bonds
• household goods and personal effects (over $2,000)
• cars and trucks (except for one), and
• real estate (other than the home in which a claimant resides).

What Resources Don't Count Toward the SSI Resource Limit?

Your home. Even if you own your home outright, the SSA won't count it as an asset. To be excluded from (not counted toward) the SSA's asset limit, your house must be your principal residence. The exclusion includes your home, the land it's built on, and any adjacent buildings.

Your car. The SSA will exclude one car or truck from the asset limit if you need it for transportation; otherwise, the value of a car up to $4,500 will be excluded from the resource limit (in other words, any value in the car over $4,500 counts as an asset).

Wedding rings. A wedding ring and engagement ring (of any value) will be excluded from the resource limit.

ABLE accounts. The SSA will exclude the money in an ABLE account (up to $100,000). ABLE (Achieving a Better Life Experience) accounts are special accounts for those disabled before the age of 26 and they don't count as assets for the purpose of SSI eligibility.

PASS savings. Income that an SSI recipient sets aside for an SSI "plan for achieving self-support" (PASS) is not counted. For instance, you could save up over $2,000 in order to attend a school or training program.

IDA savings. The SSA doesn't count money saved in an "individual development account" (IDA). IDAs are special accounts designed to allow those receiving TANF funds to save specifically for school, the purchase of a home, or to start a business. (TANF stands for Temporary Assistance for Needy Families.) The money used to fund the account comes from money you make from working. In addition, some states' TANF programs match the savings you put into the account.

Burial savings. The SSA will not count burial funds up to $1,500 each for you and your spouse, plus burial plots for your immediate family.

Support payments. You can save some government support payments for up to nine months before they count toward your resource limit (without this exception, they would immediately count as cash or money in the bank that could put you over the resource limit). They include:

• earned income tax credit payments
• child tax credit payments
• state or local relocation assistance payments
• crime victim's assistance, and
• grants, scholarships, fellowships, or gifts used for tuition and educational expenses.

What Happens If I'm Over the SSI Resource Limit?

SSI applicants whose assets exceed the $2,000 limit ($3,000 if married) are ineligible for benefits. In fact, the SSA won't evaluate the claims of applicants who are over the resource limit to see if they are medically eligible for disability benefits. They will get a "technical denial" of benefits.

Current SSI recipients who receive money or property that puts them over the resource limit are in danger of losing their benefits. And if you receive benefits for any months in which you had too many assets, the SSA will send you a letter regarding the overpayments it made. Read our article about overpayments for more information.

Learn more about all of the financial eligibility requirements for SSI disability.

Updated March 11, 2022

SSI Reading #5

What Counts as a Resource for SSI

What Counts as a Resource for SSI?

Art: Robin Mead

Many people on SSI wonder what type of gifts people can give them, and what type of things they can own, without affecting their SSI checks. Here's a few answers!

What is the resource limit?

The resource limit changes depending on circumstances. Here's The SSI Resource Limit

Whose Resources Count

If you live with other people you may be wondering whose resources count towards your SSI. Spouse? Parents? Children? Sibling? Boyfriend? Girlfriend? The answer is: maybe. Maybe. Maybe. Maybe. Maybe. And maybe. Whose Resources Count?

What Counts as towards the resource limit?

Not everything counts. Some people have way (way way way) more stuff and still stay on SSI. None of the thing on the list below count as resources for SSI:

LONG LIST OF THINGS THAT ARE NOT RESOURCES FOR SSI

We did not create this list – we copied it directly from the Social Security operations manual. So, as you will see, Social Security has officially approved your pet monkey.

Does not count: Household Goods

Household goods are items of personal property, found in or near the home, the householder uses on a regular basis. The householder needs household goods for maintenance, use, and occupancy of the premises as a home. Examples of household goods:

• Furniture
• Appliances
• Electronic equipment, for instance computers and televisions
• Carpets
• Cooking and eating utensils
• Dishes

Does not count: Personal Effects

Personal effects are items of personal property ordinarily worn or carried by the individual, or items that have an intimate relation to the individual. Example of personal effects:

• Personal jewelry, including wedding and engagement rings
• Personal care items and clothing
• Pets, such as a cat, dog, hamster, horse, monkey, or snake
• Educational or recreational items, such as books, musical instruments, or hobby materials
• Items of cultural or religious significance to an individual, such as ceremonial attire

Does not count: Items required because of physical or mental impairment

Items required because of an individual's physical or mental impairment. Examples:

• prosthetic devices
• wheelchairs
• any other items needed because of physical or mental impairment

If you are not sure if your item will count, you can ask your doctor's opinion. If your doctor agrees that this is helpful for your disability, you can ask her to write a statement for you, or to write a brief note in your medical records that this item is needed to assist with your impairment. Then you can collect the record or note and keep a copy just in case you ever need it.

Does not count: Certain Types of Accounts & Trusts

There are some ways to save money that will not be counted as a resource. These include PASS plans, ABLE accounts, and special needs trusts. Learn more here: How Can I Save Money While on SSI?

Does not count: Property Essential to Self Support

There is a special regulation called PESS that will allow you to keep resources or items that you need in order to support yourself. This is most often used if you are employed or starting a small business and need items for your business or employment. It can also be used for items that are essential to your day-to-day activities. Learn more here:PESS

Does not count: First Car

If you own just one car, this is excluded and will not count as a resource. (Even if you are married, still one!) Exceptions:How to Own Two Cars on SSI

Does not count: One House or Dwelling Where You Live

One house is excluded and will not count as a resource. You must live in it.

Maybe counts: House Where You Don't Live

Usually, if you don't live in a house, it counts as a resource. There are two exceptions:

Exception one: If you co-own a house that you do not live in. In this situation, the house will be excluded if you show that selling it would cause undue hardshipto the person living there.

Exception two: If the house has little or no equity value. For example, if you owe more money on the mortgage than the house is worth. It still counts as a resource, but it is a resource worth zero dollars.

Maybe counts: Second House

Usually, if you own two houses, one counts as a resource. There are two exceptions. See above.

Does not count right away: Backpay

After you first get approved, you do not need to spend your back pay money within one month. You get nine months after you receive each check. Since you will probably get it divided in three checks, you have quite a bit of time. More info on back pay is in this link:Back pay

Does not count: Dedicated Accounts

Dedicated Accounts – For children, sometimes backpay gets put in a special account called a "dedicated account." Dedicated accounts never count as a resource, no matter how long the money stays there.

Does not count: Some Student Financial Aid

Certain types of scholarships, fellowships and work study financial aid will not count, no matter how long you keep the money:Financial aid policies

Does not count: Property or cars with little or no equity value

Sometimes you can own something that has no value! For example: Let's say you recently bought a new house with a high mortgage. The principle debt from the mortgage may be higher than the market value of the house. In this case, the house is worth $0! Social Security will consider it a resource, but a resource worth $0 won't impact you. If you are in this situation, keep an eye on the numbers as you pay off your mortgage or pay off debt in your car. Eventually you will start to gain some equity value.

Does not count: Anything You Got This Month

When you are given something, it is not a resource. It is income! None of the resource rules apply. But all of the income rules apply. If you keep that thing, next month it will magically turn into a resource. Now all of the resource rules apply. Feeling confused? You are not alone:How to Tell the Difference Between the (Super Confusing) Income and Resource Rules for SSI

Does not count: Anything you earned this month

Same rules apply. It is income for one month, and then turns into a resource. This month the income rules apply. Next month the resource rules apply. Unless you spend it real quick. Then it never becomes a resource.How to Tell the Difference Between the (Super Confusing) Income and Resource Rules for SSI

Does not count: Stuff parents own when children turn 18

If your child is disabled, once he or she turns 18, it no longer matters how many resources you have! Even if the child still lives with you, it does not matter. Social Security will only look at the resources belonging to the child at this point. For example, any bank account that has the child's name on it would count.

Does Not Count: Absent Parents & Absent Spouses

If your spouse or parent does not live with the disabled person, their resources do not count. This only applies if the separation is intended to be permanent – for example, it would not apply for a spouse who lives elsewhere for a job but intends to rejoin the family at some point.

Does Not Count: Stuff That Belongs to Other People You Live With

Stuff belonging parents or spouses may be considered a resource for SSI in some situation. Stuff belonging to other people you live with will not affect your SSI in most situations."I Live With Other People. Does Their Money Affect My SSI?"

Does Not Count: Certain Things Belonging to Parents or Spouses

Your SSI may be affected by your parent's finances (if you are under age 18 and live with your parents) or by your spouses finances (if you live with your spouse). This is called deeming. There are a few exceptions:How to Avoid Deeming

Does not count…. yet!

Some things do not count for a certain length of time, including social security backpay, certain types of tax refunds, certain types of insurance payments, and money received from a sale of a car or house in some circumstances.

Does not count: More Excluded Resources

Some additional things do not count, such as certain life insurance policies and some types of retirement plans.

Here is a complete list ofall excluded resources.

Here is a shorter, simpler and less confusing listSpotlight on Resources.

SHORT LIST OF THINGS THAT DO COUNT AS A RESOURCE

Warning! These things count!

These things DO count as resources. They will count towards the resource limit:

• Money in the bank
• Cash
• Stocks, bonds, CDs
• The face value of your life insurance policy
• Any bank account your name is on
• If your child has savings, and you are on the bank account (unless the account is very specifically set up so that the child has sole ownership)
• A second vehicle. Exceptions: How to Own Two Cars on SSI
• A second house (first house doesn't count if you live in it)
• Your spouse has a vehicle (only one vehicle per household is excluded)
• Any other items that are not on any of the excluded lists above and do not fall into any of the categories above
• Resources belonging to parents of minor children (only if they live with the child)
• Resources belonging to the spouse of disabled person (only if they live together)

Avoid Trouble

You should also be careful before adding your name to anything that does not belong to you: Such as a business, house, bank account, or credit card. If you add your name, Social Security may consider that that resource now belongs to you.

If you have too much money (lucky you), it's important to handle it the right way:How to Handle If You Are Over the SSI Resource Limit

Can I Get a Resource as a Present?

The items above are also excluded as presents. If you are given these things as a present, they will not count as a resource or as income. Learn more aboutSSI and gifts.

Policies

The information on this page comes from:

SSA policy on excluded resources.

SSA Spotlight on Resources.

SSA policy on gifts as excluded resources

Learn more

How to Survive on SSI

Updated July 2018. Please comment below with stories, ideas, questions or suggestions. Please let us know if any links on this page stop working.

SSI Reading #6

How to Handle If You Are Over the SSI Resource Limit

How to Handle If You Are Over the SSI Resource Limit

Robin Mead

SSI will only allow you to have a certain amount of money in the bank and a certain amount of stuff you own. This page is for SSI only. If you are on SSDI, you can ignore this page.

How Much Can I Have?

How much money and stuff are you allowed to have? Take a look here: SSI Resource Limit. Tip: If your child is on SSI, the resource limit is totally different! Many people think it is $2,000, but it is not!

What Happens if I Go Over?

If you go over the limit, a few not-good things can happen: If you are trying to apply, your application will be denied. If you are already on SSI, you may be come ineligible. You may be ineligible until you are back under the limit. You may owe money back.

Luckily, there are some Social Security policies that can help you handle this situation.

Why Do People Go Over The Limit?

If you have gone over the resource limit, you should know that you are not alone in this situation. The SSI rules are complicated and most people do not know or understand them. Many people go over the limit without realizing it.

It's also helpful to keep in mind: Social Security rules look at the last moment of the last day of the month. It's common for people to go over in the middle of the month without any problems.

Will My Check Start Again Once I Am Under the Limit?

Yes. If your check stopped for less than 12 months it is easy to restart. For more than 12 months, you may need to reapply.

What Am I Allowed to Do?

If you are over the limit, you are allowed to:

🌷 Spend money. Buy stuff, do stuff, or pay bills. See special rules or policies: How Can I Spend Money While on SSI?

🌷 Save money. You can save money in an ABLE Account, or a PASS Plan: How Can I Save Money While on SSI?

🌷 Another way to save money is to put money in a Special Needs Trust. The rules for this are complex. Please consult with a special needs trust lawyer.

🌷 If you own too much stuff, you are allowed to sell your stuff and then do any of the above. Make sure to sell it at fair market rate, or as close as possible. For example, don't sell your house for $1.

What Am I Not Allowed to Do?

If you are over the resource limit:

🌷 Don't give money away. This can cause a problem because of the Social Security transfer of resources policies

🌷 Don't give stuff away. For example: Don't give away a house or a car. Again, this can be considered "transfer of resources."

🌷 Don't hide money.

🌷 If you are over the resource limit, avoid cash transactions. Try to do everything using a credit card or check and keep receipts. This way you can show you show that you did not give money away or hide money.

🌷 Avoid buying things that count as resources. You are allowed to buy whatever you want, but if you buy something that counts as a resource, you'll just be in the same situation. For example, if you have $10,000 in the bank, and you buy a $10,000 boat, you will still be over the resource limit. What Counts as a Resource for SSI?

🌷If you are over the resource limit and you spend money, it's important to save all receipts. They may request receipts. (If you are not over the resource limit, is not necessary to keep receipts for ordinary purchases).

Cars

🌷 Two cars. If you are over the limit because you or your spouse own more than one car: How to own two cars

Overpayments

🌷If you receive an overpayment notice, look into the options for how to appeal this decision or request an overpayment waiver

End of the Month Rule

🌷 If you are on SSI, Social Security will look to see if your countable resources are below the limit by the end of the last day of each month.

🌷 There is no penalty if you go over the limit during the middle of a month. For example, sometimes people go over the limit when their SSI check is deposited, but then they pay rent and go back under.

🌷If you are over the limit on the end of the last day of the month for one month, you are ineligible for that month (or you owe back money for that month). If you are over the limit on the last day for ten months, you may be ineligible for ten months (or you may owe back money for ten months)

🌷 Here is the SSA policy on end of the month resources. The actual policy is "first moment of calendar month." We usually write end of business the last day of the month, since many transactions won't go through at midnight.

Policies for Transferring Resources

If you are over the resource limit, Social Security has penalties if you give money away. This is called the transfer of resources policies

🌷 The penalty also applies if you give stuff away – for example, giving away a car or taking your name off the deed of a house or selling something of value for way less than it is worth.

🌷 If you transfer resources, you may be ineligible for SSI for up to three years (depending how much you transferred).

🌷 If it has been more than three years since you transferred resources, these rules do not apply. After three years, Social Security no longer considers transfers.

🌷 In some situations, placing your money in a trust can be considered a transfer of resources.

🌷 In certain situations, people still choose to give away resources, and then wait until the time period is over, and then apply for SSI.

🌷 If you have transferred resources, there may be some situations where there won't be a penalty, or where you can rebut the decision by showing that you did not transfer the resources purposely to get SSI.

🌷 Learn more about: Safe Ways to Save or Spend Money While on SSI

🌷 If you think they made a mistake and you are not really over the resource limit, you can always appeal the decision. See the bottom of this page for more information.

🌷 From Justice in Aging Presentation on Transfer of Resources regulations.

Will I Be Eligible for SSI Again?

If you are under the resource limit at any point in the future, you can always apply for SSI again.

🌷 New Applications: You can apply immediately.

🌷 Already on SSI: If your check stopped for less than 12 months, it can be started again easily. If your check stopped for more than 12+ months and you will need to reapply for SSI and go through a new medical review. Either way, you can always call Social Security and request an SSI appointment.

🌷 If you are under the resource limit, but run into problems getting your SSI check back, you can contact your congressperson for help.

🌷 If you transferred resources there may be a waiting period before benefits can start again.

Requesting a New SSI Interview

You can always request a new SSI interview. You can request one if your circumstances have changed, or if you think they made a mistake. You can request an unlimited number. Examples:

🌷 Jane gets turned down for SSI because she had $100 too much in her bank account. Then she pays her rent and buys groceries. Next month, she requests a new SSI interview and brings her bank account information and receipts for how the money was spent. The SSI worker finds she is under the limit and Jane gets approved.

🌷 John gets turned down for SSI because he owns two cars. Later that month, John sells one of his cars and pays off his medical bills. He requests another SSI interview and shows receipts for how he sold the car and spent the money. He also brings proof that he sold the car at fair market rate and did not try to give it away. The SSI worker finds he is under the limit and John gets approved.

🌷 Sally gets turned down for SSI because she doesn't realize she is supposed to tell her worker that her husband lives elsewhere. The next week she requests a new appointment, and brings copies of her husband's lease, driver's license, and utility bills. The SSI worker removes her husband's income and Sally gets approved.

🌷 Jake applies for his child and gets turned down because he had been saving money for his child's college. The next day, Jake opens an ABLE account for his child and places the college savings in the account. Jake requests a new SSI interview and brings copies of the ABLE account statements. The SSI worker excludes the ABLE account and Jake's son gets approved.

Jane and John Go Over the Resource Limit

🌷 Jane wants to apply for SSI. She is $20 over the resource limit, so her SSI application is denied. She goes out and buys groceries and the next day applies for SSI again. She shows her grocery receipt and new bank balance. This time her application is accepted.

🌷 John is on SSI. He is $20 over the resource limit for three months, so his SSI stops and Social Security sends him an overpayment notice for owing back three months worth of payments. He goes out and buys a pair of shoes and the next day requests to have his SSI reinstated. He shows his shoe store receipt and new bank balance. His SSI is reinstated. He also files an overpayment waiver to try to address the money owed.

Jill Goes Over the Resource Limit

Here's an example that shows why you want to pay attention to the end-of-the-last-day-of-the-month rule:

"Jill" was managing money for her daughter's SSI. They were saving for furniture for a new apartment and the daughter's account went over the limit by $300. The mom got scared she would have to pay the money back, so she kept the money in her daughter's account, so it would be there to pay back. Not good.

If they had spent $300 and bought furniture right away, the daughter would have been over the limit for just one month. (Owing about $700 back) Instead she kept the money for a year. (The daughter now owed $9,000 back!)

Watch Out for These Problems

Here's some examples of transfer of resources that can cause problems:

🌷 Giving money away (For example: John has $20,000. He gives his son $19,000.)

🌷 Giving resources away (For example: Jane has two houses. She gives one to her daughter)

🌷 Selling resources for less than their market value (for example: Jill owns a house worth $100,000, she sells it to her daughter for $10,000)

🌷 Transferring your assets or resources into someone else's name.

🌷 Removing your name from assets. (For example: Bill owns a house with his brother. He removes his name from the deed so now only his brother owns it)

Likewise, you should also be careful before adding your name to anything that does not belong to you: Such as a business, house, or bank account. If you add your name, Social Security may consider that resource now belongs fully or partly to you. Also, please be careful before adding your name to any other financial accounts shared with another person, such as credit cards*, as this may sometimes cause complications.

If I Own Too Much Stuff, Can I Sell It?

If you own too much stuff, and this puts you over the limit, you are allowed to sell your stuff as long as you sell it for the correct market value.

You have the option arrange an agreement to sell resources. After you sell the stuff, you will need to pay back any SSI money you got as part of the agreement. This kind of agreement is not that great, because the longer you have it the more money you owe. But if you really need extra time, in some situations, it may still be worth doing because it may allow you to keep Medicaid for those months.

Mistakes

There are a lot of complex SSI rules and the people who do the SSI interviews do not always know them all. It is possible you will know a rule that they do not know. If this happens, you may need to be firm and repeat yourself or ask to speak to a supervisor who does know the policies. You can also try some of these What to Say When Someone Tells You "No" or "Not Possible" or "You Don't Qualify"

If they send you a written decision that is incorrect, you can always appeal. Be sure to appeal in writing and don't miss the deadline. You can also go back and request another interview (but it is still good not to miss the deadline for written appeal). It can also be incredibly helpful to try contacting your congressperson.

Learn More

Safe Ways to Save or Spend Money While on SSI

How to Stay Out of Hot Water with SSI

How to Tell the Difference Between the (Super Confusing) Income and Resource Rules for SSI

* In some situations, shared credit cards might cause problems with being counted as unearned income, being counted as in-kind support and maintenance, being counted as a gift, or be counted against a special needs trust.

SSI Reading #7

What is The SSI Resource Limit

What is The SSI Resource Limit?

If you are on SSI, you are only allowed to have a certain amount of money or a certain amount of stuff. If you go over the limit, your SSI check may stop or you may wind up owing money back.

Learn About Resources

Before you look at the resource limit, there are four important things you need to know:

🌷 What's a Resource? Resources are money you have and stuff you own. But some money doesn't count! And some stuff doesn't count! Take a look here: What Counts as a Resource for SSI?

🌷 Whose Resources Count? Only two kinds of people count: Your spouse (if you live together) and your parents (if you are under age 18 and live together). In most situations, no one else counts. There are a few exceptions. For example, if your name appears on someone else's bank account, this will always count. There is also a special rule about live-in boyfriends and girlfriends. Learn more: Whose Resources Count?

🌷 When Do Resources Count? The resource limit is applied at the end of the last day of the month. If you go over the limit during the middle of the month, this will not cause a problem for your SSI. However, no matter when it happens, there is a special rule that you should not give money away in order to stay under the resource limit. When Do Resources Count?

🌷 What is the difference between income and resources? Nothing is ever considered income and resources during the same month. It is income in month one. It magically turns into a resource in month two! How to Tell the Difference Between the (Super Confusing) Income and Resource Rules for SSI

Resource Limit Rules For People With No Disabled Children

If you do not have any children on SSI, the rules are fairly simple.

Single Adult

🌷 Single adult (18+) = $2,000.

Married Adults

🌷 One spouse on SSI = $3,000

🌷 Two spouses on SSI = $3,000

🌷 Spousal rules only apply if spouses live together

Resource Limit Rules For People With Adult Disabled Children

If you have a child who is on SSI and age 18+ the rules are still pretty simple. As long as you keep your money separate and both pay your own rent, then the parents and adult children will have no impact on each other.

Parent on SSI

🌷 Follow the rules above for adults on SSI. Your adult child has no impact on your SSI.

Adult Child on SSI

🌷 Follow the rules above for adults on SSI. Your parents have no impact on your SSI. They can be millionaires! You will still get SSI.

Parent on SSI and Adult Child on SSI

🌷 Follow the rules above for adults on SSI. As long as you have separate bank accounts and do not share money, you will have no impact on each other. It does not matter if you live together or not.

Important Note About Rent

🌷 If your adult child does not pay for her own rent, food and utilities, her check will be lowered. Many adult children on SSI pay rent to their parents for the room that they live in. Learn more: How Much Rent to Pay on SSI

Resource Limit Rules For People With Minor Disabled Children

Now things get more complicated. For the rules below, it does not matter if a parent is SSI or not. As long as one or more children in the home is on SSI, the rules are the same.

Here's how the rules are explained on the Social Security website: "If a child under age 18 lives with one parent, $2,000 of the parent's total countable resources does not count. If the child lives with 2 parents, $3,000 does not count. We count amounts over the parents' limits as part of the child's $2,000 resource limit. "

What does this mean in real life? Here's some examples:

🌷 One parent with one SSI child = $2,000 for parent + $2,000 for child = $4,000

🌷 One parent with two SSI children = $2,000 + $2,000 + $2,000 = $6,000

🌷 Two parents living with one SSI child = $3,000 parents + $2,000 child = $5,000

🌷 Two parents living with two SSI children = $3,000 + $2,000 + $2,000 = $7,000

A Few Things To Know About The Rules for Minor Children

🌷 For more children, keep adding $2,000 per child on SSI.

🌷 Parents who do not live with the child do not count.

🌷 Children who are not on SSI do not count.

🌷 If parent is not disabled, then the parent's resources can go up to the total limit.

🌷 However, the amount in the child's name can never exceed $2,000. (unless it is in a trust or ABLE account)

🌷 For example: A married couple. Adults are not disabled. One child is on SSI. Parents can have $5,000. Or parents can have $3,000 and SSI child can have $2,000.

🌷 Be careful about adding names bank accounts. Be careful about joint bank accounts. Even custodial accounts can cause problems.

🌷 "Dedicated accounts" for backpay do not count. ABLE accounts do not count.

SSA Policies on Resource Limits

🌷 For more examples, see this SSA policy: Simple Policy on Resources

🌷 Or this more detailed SSA policy: Complex Policy

🌷 Or this, simple policy on Resources for Parents with Disabled Children

🌷 Or these examples of Deeming Parent to Child Resources

SSI Only

The rules on this page are only for SSI. Please double check and make sure you know if you are on SSI or SSDI. This page is only for SSI. Some of these rules also apply to Medicaid. Nothing here applies to SSDI or Medicare. How to Tell What You're On

Feeling Confused?

🌷 If you are feeling confused or you are being told conflicting information, there's a very good chance this is happening because someone is mixing up the resource room with the income rules. Totally different rules! How to Tell the Difference Between the Income and Resource Rules

🌷 It's also possible someone is mixing up the SSI rules with the SSDI rules. Also totally different rules! How to Tell Understand the Difference Between SSI and SSDI

🌷 Lots more SSI policies it may help you to know: How to Stay Out of Hot Water with SSI

🌷 Financial survival while on SSI. Not easy! Not impossible! How to Survive on SSI

SSI Reading #8

Can Social Security Check My Bank Account

If you receive benefits through the federal Supplemental Security Income (SSI) program, the Social Security Administration (SSA) can check your bank account. They do this to verify that you still meet the program requirements.

Does SSI check your bank account every month?

The simple answer is no, but there are some reasons that your bank account may be checked if you're applying for Social Security benefits.

Does SSI monitor your bank account?

For those receiving Supplemental Security Income (SSI), the short answer is yes, the Social Security Administration (SSA) can check your bank accounts because you have to give them permission to do so.

Can SSI see my bank transactions?

Can Social Security Check My Bank Account? In short, yes. When you file your SSI claim, you must give the Social Security Administration permission to use its AFI to contact financial institutions and request any financial records that the financial institution may have about you.

Does SSI Always check your bank account?

Can Social Security Check My Bank Account? In short, yes. When you file your SSI claim, you must give the Social Security Administration permission to use its AFI to contact financial institutions and request any financial records that the financial institution may have about you.

What does SSI look for in your bank account?

Financial institution accounts include checking or savings, Christmas club, credit union, certificate of deposit, and money market accounts. They can be individual or joint accounts. We look at the title of the account to determine who has access to the money in that account.

How much money can you have in a bank account if your on SSI?

To get SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit. Countable resources are the things you own that count toward the resource limit. Many things you own do not count.

Does SSI ask for bank statements?

We'll ask you the same kind of questions you answered when you applied for SSI. We'll need information about your income, your resources, your living arrangements, and your bank accounts. Keep the savings or checking account statements you get from your bank. You may need them when we review your case.

What happens if you don't report money to SSI?

We may apply a penalty that will reduce your SSI payment by $25 to $100 for each time you fail to report a change to us, or you report the change later than 10 days after the end of the month in which the change occurred.

What happens if you go over $2000 on SSI?

If you go over the limit, a few not-good things can happen: If you are trying to apply, your application will be denied. If you are already on SSI, you may be come ineligible. You may be ineligible until you are back under the limit. You may owe money back.

What happens if you have more than 2000 in the bank on SSI?

The general rule is that if you have more than $2000 as a single person or $3000 as a married couple, then you will likely not be able to receive SSI benefits – even if you are disabled. These assets can include: Any money in any bank accounts, including savings, or any cash you have.

What if SSI find out you exceed to $2000?

If a person has more than $2,000 in resources, they fail to qualify and do not receive SSI benefits that month. Couples face a $3,000 resource limit in total, a rule that punishes married couples with a smaller threshold.

Can I deposit $2000 cash?

How Much Money Can You Deposit Before It Is Reported? Banks and financial institutions must report any cash deposit exceeding $10,000 to the IRS, and they must do it within 15 days of receipt. Of course, it's not as cut and dried as simply having to report one large lump sum of money.

Can I withdraw $5000 from bank?

Although there is no specific limit to the amount of cash you can withdrawal when visiting a bank teller, the bank only has so much money in its vault. Additionally, any transactions over $10,000 are reported to the government.

What is the largest check a bank will cash?

Checks of a value over $5,000 are considered 'large checks', and the process of cashing them is slightly different. If you want to cash a check that's over $5,000, you'll usually need to visit a bank and you may have to wait a while to get your money.

Do banks report checks over $10000?

Note that under a separate reporting requirement, banks and other financial institutions report cash purchases of cashier's checks, treasurer's checks and/or bank checks, bank drafts, traveler's checks and money orders with a face value of more than $10,000 by filing currency transaction reports.

Is depositing cash a red flag?

Cash deposits are made daily throughout the country. However, there is a maximum cash deposit limit of $10 000. Large deposits of over 10 000 in cash may raise red flags and require your bank or credit card union to report these transactions to the federal government.

Can I deposit $50000 cash in bank?

You can deposit as much as you need to, but your financial institution may be required to report your deposit to the federal government. That doesn't mean you're doing anything wrong—it just creates a paper trail that investigators can use if they suspect you're involved in any criminal activity.

Avoid buying things that count as resources. You are allowed to buy whatever you want, but if you buy something that counts as a resource, you'll just be in the same situation. For example, if you have $10,000 in the bank, and you buy a $10,000 boat, you will still be over the resource limit.

What if I'm Over the SSI Resource Limit?

If you're over the resource limit, Social Security will stop your SSI payments. But it may take several months for the SSA to figure out that you are over the $2,000 or $3,000 limit, so you may get SSI payments for the months that you are over the limit. Social Security will consider these payments as "overpayments." Social Security will want to get the overpayments back, even if it's not your fault that the agency made the payments by mistake.

Can Social Security Check My Bank Account?

For those receiving Supplemental Security Income (SSI), the short answer is yes, the Social Security Administration (SSA) can check your bank accounts because you have to give them permission to do so. For those receiving Social Security Disability Insurance (SSDI) or regular Social Security Retirement Benefits, the short answer is no.

Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) are separate programs administered by the Social Security Administration (SSA). SSI provides government funds to cover the basic needs of people who have little to no income and are blind, disabled, or over 65 years old. SSDI, on the other hand, is income provided to people who are unable to work due to severe conditions that prevents them from doing even basic work-related tasks.

Whether or not someone is eligible for SSDI is based on their record of work activity which may allow someone to become eligible for SSDI benefits. A person's assets are unrelated to their eligibility to collect SSDI benefits, so the SSA does not care if an SSDI applicant has $100 or $100,000 in the bank. As a recipient of SSDI benefits, you can make deposits into a bank account without worrying about being monitored by the SSA.

SSI is a need-based program, meaning a person's "resources," or assets, are taken into consideration. When filing a claim for SSI, an individual must give the SSA the right to use it's Access to Financial Institutions (AFI), given to it by Congress in 1999, to contact financial institutions and request any records related to the applicant. This permission must be given on the initial application as well as subsequent reviews for SSI. AFI also detects undisclosed accounts by searching for accounts geographically near the SSI applicant or beneficiary.

information from financial institution accounts that can be requested by the SSA includes bank savings and checking accounts, as well as money market accounts, credit union accounts, certificate of deposits and more. If the account is a joint account, then the SSA considers all of the money to be that of the applicant.

The SSA is not concerned with how you spend your money, they are concerned with the total countable assets you own. These assets do not include the house you live in or your primary automobile, but any additional real estate or additional vehicles are considered countable assets for their purposes.

To be eligible for SSI benefits, the current maximum countable asset amount is $2000, $3000 if married. This means that if a single person has no other countable assets, then he or she can have up to $2000 in a bank account and still not be ruled out for benefits based on assets

In summary, to receive SSI, you must give the SSA permission to use its AFI to request your financial records from your bank or credit union. If you are applying for SSDI or regular Social Security benefits, the the SSA has no reason to check your bank account and does not have legal permission to do so.