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Regs on ATM Card Issuing for Rep Payee (SSI/SSA)

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Question: 
Are there any regulations that govern ATM card issuing for rep payee accounts (SSI/SSA)?
Answer: 

The Social Security Administration has a resource page for Representative Payees that describes their responsibilities for managing a beneficiary's payments. After reading the guidelines there, it's clear that the SSA would not want a representative payee to have an ATM or debit card issued that the beneficiary could use to access or spend from the account. However, there are no prohibitions against such a card being issued to the representative payee for his/her use in managing the beneficiary's funds.

First published on BankersOnline.com 2/25/13.

First published on 02/25/2013

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