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I am a rep payee on a checking account. The only source of funds into the account are soc sec disblty. Is this considered an exempt account? Also, can a levy be placed by a creditor on this account?
November 17, 2015 10:13:23 PM
In reply to Bill, P'burgh
Great question, Bill, and welcome to TD Helps.
We'd like to share with you the different types of accounts we offer. To view and compare our Checking accounts, we encourage you to review them here: http://bit.ly/1oXjGgF. We have several different types of accounts each with their own special features; some of which have no maintenance fees if you are able to maintain a certain minimum daily balance.
Just in case you do not see the type of account you currently have in the link mentioned above, you're welcome to contact our Banking Specialists 24/7 at 888-751-9000 to discuss your account specifics with you. If you have any questions about a Levy placed on your account, please know we're unable to confirm these specific details as this is considered an unsecured forum. You're welcome to discuss these details with our Banking Specialists who can be reached at the number listed above.
We hope this helps and hope you have a good rest of your week!
Justin B, Mount Laurel
November 17, 2015 10:14:08 PM