How Far Back Does Social Security Check Your Bank Account to be Eligible for Benefits?
When you apply for Social Security benefits, the agency will review your entire financial history. This includes looking at your bank account to see how much money you have saved.
The agency will also look at other assets you may have, such as property or investments.
The reason for this thorough review is to ensure that you are eligible for benefits and to determine how much money you should receive.
Social Security uses a complex formula to calculate benefits, and your bank account balance is just one of the many factors that is considered.
If you have recently deposited a large sum of money into your account, it's possible that your benefits could be reduced or even denied altogether. So, if you're thinking about applying for Social Security benefits, it's important to understand how far back the agency will look into your financial history.
If you been denied benefits its is important that you consult an experience Attorney today.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past with Social Security Benefit Issues
Our goal is to help you get your Social Security Benefits today.
Schedule your free consultation right now! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706