Remember, paperless settings may take up to 2 months before they are effective. We send you email notifications when a document or statement is available for viewing. If you have selected paperless delivery for your accounts or document groups, your paperless settings will apply to new document types as they are added to the account or document group in Online Banking and become eligible for paperless delivery. Or from the Accounts menu select Statements & Documents to manage your paperless settings. Simply log in, visit Profile & Settings, select Paperless settings and choose Online & by mail. You can resume delivery of your paper statements at any time. Lastly, if there are changes to account terms and conditions or other legal notifications, they will also be presented online, along with your account statements. We will send you an email every month reminding you that your statement is available for viewing online. You can also go paperless on account notices and tax documents. Log in and select the Go Paperless link under your eligible accounts and select Online only. In addition, you can save paper and avoid messy filing by requesting that we stop mailing your paper account statement. Eligible accounts include all Bank of America consumer checking accounts, as well as any other accounts that are part of a combined statement today. In addition to viewing them, you can download them, save them or print them at your convenience. These online statements are an electronic version of the paper statements that are sent in the mail. If you receive a denial of SSDI or SSI benefits, you can file a request for reconsideration which calls for a complete review of your claim.For eligible accounts, Bank of America automatically provides an electronic version of current and past paper account statements through Online Banking. Take Our Poll: Are You Concerned About the Safety of Your Money in Your Bank Accounts? The category your case lands in determines how often your case is reviewed, per the Disability Law Office, and when the SSA may check your financial records. If you receive disability benefits, the Social Security Administration categorizes your case into three categories: Medical Improvement Expected (MIE), Medical Improvement Possible (MIP) or Medical Improvement Not Expected (MINE). Unearned income is money you make from other sources such as interest, dividends and capital gains. Earned income is money made from the work that you do. The agency may also request permission from anyone whose income and resources the SSA considers as being available to you.įor SSDI and regular retirement benefits, the SSA only requires that your earned income is below a certain threshold, which the agency receives from the IRS. Benefits are also paid to individuals age 65 and older without disabilities who meet certain financial qualifications.Īccording to the Code of Federal Regulations, to be eligible for SSI, you must give the SSA permission to contact any financial institution and request your financial records. The SSI program provides monthly payments to adults and children with a disability or blindness who have income and resources below financial limits. For anyone receiving Social Security Disability Insurance (SSDI) or Social Security retirement benefits, the Disability Law Office stated that the SSA cannot easily check your bank account because “there is no limit to the assets one has in order to be eligible for benefits,” and permission may not be assumed. Read: 3 Ways To Recession-Proof Your Retirementįor those receiving Supplemental Security Income (SSI), the SSA can check your bank account because they were given permission. Social Security: No Matter Your Age, Do Not Claim Benefits Until You Reach This Milestone The Social Security Administration can only check your bank accounts if you have allowed them to do so.
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