"How Far Back Does Social Security Check Your Bank Account"
Social Security is one of the most important benefits available to Americans. However, many people don't realize that Social Security also requires individuals to provide information about their finances and bank accounts. The question that many people have is: how far back does Social Security check your bank account?
The answer to this question depends on the situation. Generally, if you are applying for benefits or seeking a cost-of-living adjustment (COLA), then Social Security will ask for financial records from up to five years before you applied for benefits. This includes bank statements detailing income source and amounts as well as other documents such as tax returns, loan agreements, etc. In addition, if you're receiving disability payments or survivor's benefits under the Supplemental Security Income (SSI) program, then Social Security will look back further than five years in order to verify your eligibility.
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