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Opening Accounts for Social Security Representative Payees

Wednesday, June 20th, 2018

10:00 am - 11:30 am CT

Length: 1 hr 30 min                    Sponsored by Credit Union Webinars

Click Here to register $195.00

Click Here to register and receive CD recording $295.00

Your institution opens accounts for social security representative payees. Are you setting them up right? Should you issue debit cards? What money can go in and out of these accounts? This important topic will be discussed in detail to help prevent your credit union from making costly errors in the account opening process.

You will learn how to set these up on account cards, how to handle checks and other issues that come up with these accounts receiving federal benefits in them.

Registrants will also receive "A Guide For Representative Payees" from the Social Security Administration as well as "Managing someone else’s money: Help for representative payees and VA fiduciaries" from the CFPB.

Topics Will Include:

  • What is a representative payee?
  • Can the account be joint?  Can the representative payee order a debit Card?
  • Do these have to be savings accounts?
  • What can the representative payee use the account for?
  • If the representative payee gets money for more than one person, how is account set up?
  • What if representative payee is a group home?
  • What if representative payee dies or resigns?
  • What happens if owner dies?
  • Can we give balances to beneficiary?
  • May the representative payee overdraw the account?
And many more questions and answers

Who Should Attend?

This webinar will benefit tellers, share account representatives, business bankers, personal bankers, branch managers, training and all front line personnel.


Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures.

She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.