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Can My Granddaughter Have A Bank Account If She's Receiving Disability Benefits?
my granddaughter 21 yrs old is on disability Can she have a savings acct or checking acct?
Hi,
Yes. If she's receiving Social Security disability benefits, there is no limit on the amount of money that she could have in a bank account. However, if she's receiving Supplemental Security Income (SSI), there is a limit of $2,000 on total countable assets (https://www.ssa.gov/ssi/).
Best, Jerry
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Posted:
March 9, 2017