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
    48
    Posts
    7,898
    Gender
    Female
    Thanked
    1007
    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
    36
    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
Interviewed on Wednesday, haven't heard from HR or Hiring Manager
Hi guys, I had an interview with Goldman Sachs last Wednesday. I met the recruiter from their HR department same day for coffee, he told me they
How to I tell potential employers my reasons for leaving?
I'm currently sending out applications with my resume for another job. I've been at this one for almost one year, and I can't take the racism and
Buying a house and retirement
Retirement has been weighing heavily on mine and my husband's mines . In the grand scheme of life it's only 12 years away for him and 10 for me
34 years old and looking for work
So I'm going to be graduating from University with an Arts degree with a double major in Sociology and English and, ideally, I want to enter the
How do I ask for the rest of the money politely?
I'm in my senior year of college and I'm working with a start up company for an internship to make some extra money. I was told in the beginning that
Major screw up at work :(
Hi Guys, Need some advice/help. I'm employed as an office manager - each employee is given a phone and they are expected to have it with them
High school is ending
It's the moment I've been waiting for but also the moment I dread the most. I've been working extremely hard throughout highschool also graduating

Expert Advice
Featured Threads
Completely Confused? What does this mean?
Hi All- I was dating a guy for almost a year. We had a pretty great relationship- Things got serious. We told each other we loved each other. Even
Boyfriend told me he couldn't afford holiday, next day books one to Thailand
Basically my boyfriend of 6 months is $40k in debt (I'm debt-free). We had talked about going to Vietnam and he said he needed 6 months to save up
Not a regular here, I have a few questions...
I'll try to make this brief. Been in a relationship (23F) with a man (35) for 5 years. Typical in the beginning, though I always wondered how he
Weed or Me
Hi, I have been dating my boyfriend for a few months - he is 31 and I am 24. He has recently started smoking weed every night and I don't really
Is He Hiding from Me?
Hi All, Need some advice from those that are familiar with social media apps such as Instagram.. I'v been friends with this guy for about a
Red flag in friendship
I've been through a terrible first break up and was in a lot of pain. I was physically and mentally sick due to the stress of the break up but I'm
I broke hard NC after 7 months (B I G M I S T A K E)
No surprise, I'm absolutely devastated. She pretty much blew me off like I was a piece of trash. At first I was happy because she actually responded
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
  •