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I have to open an account as a representative payee for my son's SSI payments. I would like to know if I would be able to use online access to the bank account so I can view transactions. I would like to know before olening the account thank you.
January 15, 2017 09:20:52 AM
In reply to Alexandra, Queens
Thanks for joining the TD Helps Community, Alexandra.
You are able to open an account as the Representative Payee on an account by visiting a TD Store with valid photo I.D. When adding an individual as a beneficiary, they may not have to be present; however, we are required to have the Beneficiary’s name, Social Security Number, address, and date of birth to add on file. We would also need the following information when opening this account as the Representative Payee:
- A copy of the appointment from the Social Security Administration which must be retained by the Bank with our legal documents.
- If the Representative Payee is a person, all personal information.
- Or, if a non-person (i.e. business or organization), all business documentation (including the General Business Resolution).
- Authorized signers for the business must also provide their Social Security Numbers and dates of birth and bring valid photo ID with them
Please understand, the Representative Payee appointment applies only to Social Security or SSI payments, and not to any other assets owned by the Beneficiary. Please note that you may have online access as a Rep Payee.
You may visit any TD Bank location to open the account, and we recommend reaching out to the Store directly to learn of any additional documents that might be needed to bring. Feel free to check out TD locations by visiting http://go.td.com/1f9DSJR.
We hope this information is helpful.
Alara B, Mount Laurel
January 15, 2017 09:21:41 AM