Ask For Advice
Results 1 to 4 of 4

Thread: Join bank account and SSI benefits

  1. #1
    fresaartistica
    Member
    Join Date
    Aug 2010
    Age
    31
    Posts
    45
    Gender
    Female

    Join bank account and SSI benefits

    Hey everyone, my dad has the idea that he can have a savings account in his name for money that I can use while I am getting SSI. He and I have a joint bank account, and so far, he took 2,500 bucks from me and put it into that savings account. My worry is if he transfers that money back into my account, my SSI payments will be lower per month. If this lowers my income, how do I rectify this situation? I am angry that dad took the money from my account without my approval first. I want to get as much SSI as I can, and I'm afraid my dad is jeopardizing that. Nobody has guardianship over me, and I manage my own money. Opinions anyone?

  2. #2
    tiredofvampires
    Forum Supporter tiredofvampires's Avatar
    Join Date
    Apr 2007
    Location
    In this world but not of it
    Age
    49
    Posts
    7,902
    Gender
    Female
    Thanked
    1016
    Which account did he take $2500 from that was yours, to put into the joint account? It's very confusing to me, because if you have your own account, he can't withdraw money from that without your consent to put into a joint account; and if he took money from your joint account to put into that same account which you share, that makes even less sense. Unless I'm missing something.

    If you have a joint account, unless you have already reported this to the federal government when they approved your SSI, this alone could jeopardize your benefits, to my understanding of how the system works. Someone else's income being jointly shared by you would count as an asset, and that would lower your benefit amount or disqualify you. Any money that you are earning or someone is giving you will count against you.

    If you loaned him money, and he paid you back, that would not count against you (though you're not supposed to have enough money to loan a person -- loaning someone $2500 while on SSI would raise some eyebrows.) But to pool resources means you may be getting extra unearned income, and that would count against you. When they determine your SSI eligibility, they are looking at your income and your income alone.

    I strongly urge you to get your own separate account in your name only.

    I'm not an SSI/SSDI lawyer, so you should consult with someone like this, perhaps. But you have to keep his and your funds officially separate, as far as I know.
    Last edited by tiredofvampires; 09-02-2012 at 01:11 AM.

  3. #3
    Miss Firecracker
    Platinum Member Miss Firecracker's Avatar
    Join Date
    Apr 2007
    Posts
    8,528
    Gender
    Female
    Thanked
    38
    If your dad puts that money into an account with YOUR name on it, then you are at risk of losing your SSI.

  4. #4
    fresaartistica
    Member
    Join Date
    Aug 2010
    Age
    31
    Posts
    45
    Gender
    Female
    I am also realizing that hiding a savings account by having my dad's name on it alone is fraud if I am using the money with my dad's help. That is wrong, and I wasn't thinking! I'm having my dad pay that money to my student loans, and I won't use any of it for anything else! I don't want to be charged with fraud and have a record! As for the 500 he just took out, I'm gonna have him use that for my rent, bus ticket, and food. By the way, my dad didn't need the money, he was trying to help me by saving money for me. I asked around, and did some research, and realized this situation would hurt me more than help me! I will be taking mom and dad's names off my account, closing it, and opening a new account in just my name.
    Last edited by fresaartistica; 09-02-2012 at 03:26 PM.

Top Threads
Hubby wants to change trades
My husband wants to go back to being an officer in the military. He is presently in the military and has been since 1986. He resigned his commission
Taking Out Important Customers - What to Wear and How to Entertain?
So I volunteered to wine and dine some important customers at my new job. I have been here a month and know very little about my company and their
How to handle boss/work situation? :(
I am currently just entering my second tri of pregnancy. The job I have was originally a PT position , as I was in university up til spring. It felt

Expert Advice
Featured Threads
My boyfriend doesn't text me as much anymore?
My boyfriend would text me everyday all day and now he won't text me first anymore or at all sometimes. Last night he stopped replying to my text so
Is she the rebound
If he leaves a 17 year relationship to date his High School Sweetheart from 32 years ago, is she a rebound ?
I want to break NC after almost 2 months to invite my ex gf to a concert
We have been in NC for almost 2 months after being together for 6 years. She stopped responding to a text i sent her. I saw she was interested in
Online dating, and why it doesn't work well for most men
We discussed this before, and for some reason people got personal and mean about it. So I have no intention of returning to this thread, but I wanted
PLEASE HELP, boyfriend talks to mom 4-5 times per day, very odd relationship....
Hi guys, Always been hesitant to post my personal business online. Anyways... here it goes... So my boyfriend is amazing...(just to throw this
Hurtful joking
My bf jokes about things that are very hurtful. Today was probably one of the most hurtful. He tried to grab my breasts and he does this a lot. He's
He dumped me and won't return my stuff
So I was seeing a guy for a short amount of time. Out of the blue....he blocked me? Fair enough, I get the message, I think it's rude but
Ask For Advice

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •