Can i deposit my social security check in someone elses account

Direct deposit is a convenient way to send money directly into someone’s bank account. This service has been around for many years and is widely used by employers to pay their employees. In 2011 the Social Security Administration made it mandatory that all recipients sign up for social security direct deposit.

This mandate applies to both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). So if you’ve recently been approved for benefits, know that your payments will be made as Social Security Direct Deposit electronically.

Why is Social Security Direct Deposit Mandatory?

The SSA made the switch to Social Security Direct Deposit to keep payments safe from being lost or stolen in the mail. While some recipients may not feel comfortable or safe with the direct deposit system, this program has proved to be successful.

Direct Express

There is an option to use a program called Direct Express for SSA Direct Deposit, which basically works like a debit card. The SSA will deposit your monthly payment to your Direct Express account and then you can use your Direct Express card anywhere MasterCard is accepted.

You can even use this card to get cash from your account. This is a great option for social security recipients who don’t have a bank account that supports direct deposit. Direct Express is free to sign up for and there are no fees.

Electronic Transfer Account

If you want to use a bank account instead of Direct Express as Direct Deposit, but don’t already have a bank account, consider an electronic transfer account (ETA).

These accounts were established by the federal government to make sure people who get federal payments have a safe place to get their payments deposited directly. Most banks offer ETAs and these accounts are regulated to ensure the banks don’t charge unrealistic fees.

How to Change Social Security Direct Deposit?

You can change SSA direct deposit information if you currently receiving Social Security benefits.

So firstly, Collect the required information. Then you can use Call a helpline. If you haven’t yet set up an account on the Social Security website, you also may want to call the website. When you set up a new account, you’ll have to wait for a temporary password in the mail. This may cause a delay before you can access your account.

In order to change your direct deposit information Visit the official Social Security website (www.ssa.gov), Login into your account and change your information.

The attorneys at Jan Dils Attorneys at Law  “Social Security Disability Attorneys Virginia” will take the time to explain the entire application process as well as how Social Security Direct Deposit payments work once you’re approved. If you’re in need of help applying for SSDI or SSI benefits call today for a free consultation.

RECOMMENDED :

What is a Social Security Payee, and What Do They Do?

Information

How Do I Sign Up To Receive An Electronic Payment?

Social Security Administration Beneficiaries

DIRECT DEPOSIT (Aquí en Español)

• Receiving Social Security benefits and Supplemental Security Income (SSI) payments by direct deposit is safe, quick and convenient; and it saves the Federal Government money.
• As of October 2001, almost 36 million (80%) of the 45 million Social Security beneficiaries and over 3 million (50%) of 7 million SSI beneficiaries use direct deposit.

• Direct deposit is the safest, most reliable, and most expedient method of payment. It offers:
• No paper checks that may be lost or stolen,
• No long lines or delays to cash a check,
• Avoiding traveling to a bank in times of inclement weather, ill health, or an unscheduled absence from home, and
• The security of knowing that your money is in the bank every month.

• The Department of the Treasury�s Financial Management Service says a check now costs the government approximately 45 cents to process and mail. A direct deposit payment costs 4 cents to process.
• Annual savings to the Social Security Trust Funds based on direct deposit participation for CY 2000 was about $133 million.

• There are options available for people without bank accounts.
• To encourage Federal (paper) check recipients to consider an account at a financial institution and to use direct deposit, the Department of Treasury introduced an easy and affordable option�Electronic Transfer Account (ETA).
• An ETA is a low-cost account at a bank, credit union or savings and loan to which Federal benefit payments are deposited electronically.
• Anyone who receives a Federal benefit payment is eligible.
• The maximum monthly account fee for an ETA is $3.00, but it could be offered for less at the discretion of the ETA provider.
• ETA is available through participating Federally insured financial institutions, including banks, savings and loans, and credit unions. Institutions offering ETAs have a decal in their windows or lobbies identifying them as certified ETA providers.

• Beneficiaries without bank accounts living in some states have additional choices.
• If an individual prefers the convenience of a debit card, they can obtain a Benefit Security Card. The Benefit Security Card is available in Alabama, Arkansas, Florida, Georgia, Kentucky, Missouri, North Carolina, and Tennessee.
• Anyone who does not have a bank account and receives a Social Security and/or Supplemental Security Income check (as well as various other types of Federal benefit payments) can get a Benefit Security Card. The debit card is available through the Department of Treasury�s electronic benefits transfer (EBT) program.
• When a person signs up for the Benefit Security Card, their Federal payment is deposited in an account set up just for them.
• A Benefit Security Card can be used at automated teller machines (ATMs) and Point-of-Sale devices.
• There are fees associated with the service.
• To sign up for the program individuals should call the Customer Service Help Line for their state. (The toll-free numbers are listed at http://www.fms.treas.gov/ebt/FactSheet.html, the Department of the Treasury�s website.)

NOTE: For additional information on the Electronic Transfer Account and Benefit Security Card, visit The Department of the Treasury�s website: http://www.fms.treas.gov/eft

How do I direct deposit into someone else's account online?

Can Social Security be deposited into a savings account?

Can I direct deposit my check into someone else account?

What if I don't have a bank account for Social Security?