Skip to main content

Ridgewood Savings Bank

Ridgewood Savings Bank logo
Wealth Management
Digital
Learn
Homebuyers Dream Program
Representative Payee Accounts

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

 

FIND A BRANCH    SCHEDULE APPOINTMENT 

 

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.