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Yes. Direct desposit is not a legal right, but merely a perk of most banks.

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17y ago
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Q: Is is legal for a bank to put a hold on social security deposits?
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Will I lose my retirement accounts or payments from social security if I file for bankruptcy?

Generally, no. Retirement accounts that are ERISA-qualified aren't considered property of an estate and cannot be taken. Social Security benefits are generally protected from assignment, or garnishment for debts in bankruptcy. The Social Security Administration's responsibility for protecting benefits against legal process and assignment usually ends when the beneficiary is paid. Once paid, the benefits continue to be protected only as long as they can be identified as Social Security benefits. For example, money in a bank account where the "only" deposits into the account are direct deposits of Social Security benefits are "identifiable" and generally protected.


Are people on social security getting a stimulus check in 2013?

im i going to receive a stimulus check for 2013


How far can a bank go back to check for deposits when the receive a levy?

Federal law states that an account can never be levied if Social Security and SSI are the primary deposits into the account within 45 days.


Can you have 2 bank accounts in different names?

Not legally. You must use your legal name when opening a bank account and it must match the name on our social security card.


Medicare funds are collected by?

social security adminisration


Which type of asset provides the greatest security and liquidity?

Bank deposits come under this category, provided the bank is insured.


Can your bank account be frozen if you receive ss benefits?

Yes. You may be able to get it unfrozen by showing that all deposits to it derive from protected sources (I'm not sure if social security is one of those).


Can a credit card judgment garnish your social security in Florida?

I'm sure the law must be the same for ss in every state. No !!! your social security can not be garnished by anyone but the United States Government. Period. The creditor can get a judgment and put a hold on your acct in an attempt to garnish it. Stay calm and work with your bank. I had mine settled in a day. There is a form for you to check off informing the court that you truly do only have Social Security Deposits in the bank and no other income. If your bank is as good as mine they will walk you right through it. I am in the state of Oklahoma


What information can you get with a social security number?

They can get into your bank accounts and such.


How much can you save in the bank on retirement social security?

10000rupees


Can social security benefits be garnished from bank after direct deposit?

No


Can you open a bank account with out social security number?

yes, you can