The Right Account for Your Situation
If you’ve been appointed a representative payee to manage someone’s Social Security or benefits, you’ve got a lot of financial responsibilities to manage. Ridgewood Savings Bank can help make it easier with a convenient Representative Payee Account.
What You’ll Need
Opening your Representative Payee Account is easy. Just bring the following items into your nearest Ridgewood branch:
- Your Photo ID
- Your Social Security number
- Proof of your New York State address
- The beneficiary’s Social Security number and date of birth
You’ll also need to provide one of the following:
- A letter of appointment from the Social Security Administration (SSA)
- A check made out to the representative payee
Why Choose Ridgewood?
Your unique financial situation calls for a unique financial institution. Since 1921, Ridgewood Savings Bank has been here to serve our fellow New Yorkers. We offer the convenience you expect from a big national bank, paired with personalized service that only a community bank can offer.
The representative payee can open either a Savings or Checking Account. Power of attorney is not permitted on this account. The beneficiary can have money directly deposited into their account. Other restrictions and conditions may apply.