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Cash SSI Check Rep Payee if Only Have Personal?

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Question: 
Can you cash a SSI check made payable to a rep payee for a beneficiary if they don't have an account styled that way? The rep payee has a personal account. Would you have chargeback rights against the rep payee?
Answer: 

Can you cash such a check? Yes. SHOULD you cash such a check? You will be on notice of a potetnial breach of fiduciary duty and could be liable if Social Security determines that the rep payee misused the funds.

The check should be properly deposited into a Rep Payee account.

First published on BankersOnline.com 7/1/13

First published on 07/01/2013

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