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SSDRC Disability Blog

If my account goes over the asset limit for one day, will it cause a problem?

Hello, My basic question is this, if my SSI account exceeds the $2,000 limit for just one day each month will that trigger any red flags?

Because of my disability (I'm a quadriplegic) I receive SSI in a direct deposit account at the Bank of America. And because it's difficult for me to get to the bank my care giver does my banking for me.

Each month I have to cash a "In-Home-Supportive-Services" check to pay my care givers with. But, because of a rule change at the BofA, my care giver is no longer allowed to cash this check because it's in my name.

However, the bank told him he could deposit the check in my SSI account, because my name and his are on that account, for one day then he could pull the money out without me being there.

So, I'd like to know, if my SSI account exceeds the $2,000 limit for just one day each month will that trigger any red flags?

Thank you for your time & help!

I would not let the account exceed 2000.00 for even a day. If it does, it could trigger something that would make you not be entitled for that month causing an overpayment. I would just find a way to remove the money necessary to pay the caregivers then replenish it with the In Home Supportive Services check. That would avoid any chance of an overpayment occurring on your record.

Return to:  Social Security Disability Resource Center, or read answers to Questions

Related pages:

What are the Assets that count for SSI Disability?
What Are Countable Assets For Social Security Disability and SSI?
Social Security Disability and Money in the Bank
How Do You Avoid, and What causes, a Social Security Disability Overpayment?
SSI Disability - Filing for SSI Benefits
Can You Be Denied Social Security Disability If You Have Money In A Savings Account?
What should you do when a social security disability or ssi overpayment occurs?

Information on the following topics can be found here: Social Security Disability Questions and in these subsections:

Frequently asked questions about getting Denied for Disability Benefits | FAQ on Disability Claim Representation | Info about Social Security Disability Approvals and Being Approved | FAQ on Social Security Disability SSI decisions | The SSD SSI Decision Process and what gets taken into consideration | Disability hearings before Judges | Medical exams for disability claims | Applying for Disability in various states | Selecting and hiring Disability Lawyers | Applying for Disability in North Carolina | Recent articles and answers to questions about SSD and SSI

These pages provide answers to basic questions about pursuing disability benefits

Social Security Disability SSI Requirements, Criteria, Eligibility
How to file for disability, How to apply for SSD or SSI benefits
Who will qualify for disability? - What qualifying is based on
Social Security Disability - Permanent Disability
How to Claim Disability Benefits through Social Security
How to Apply for Disability - What medical conditions can you apply for?
What Can I Do to Improve My Chances of Winning Disability Benefits?
Social Security Disability Status on a pending claim
Working and Disability - Are You Allowed to Work While Receiving Social Security Disability or SSI?
What is the difference between Social Security disability and SSI?
Social Security Disability Back pay and How Long it Takes to Qualify for it