Skip to content

Can POA Designate POD for SS Rep Payee Account?

Answered by: 

Can a Power of Attorney designate POD for a social security representative payee account?

No. The representative payee controls the account and those funds can't be used for anything other than the SSA beneficiary's personal financial needs. An attorney-in-fact would not be able to do anything with the account.

First published on 4/2/12

First published on 04/02/2012

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics