The Right Account for Your Situation

If you’ve been appointed a representative payee to manage someone’s Social Security or benefits, you’ve got a lot of financial responsibilities to manage. Ridgewood Savings Bank can help make it easier with a convenient Representative Payee Account.

What You’ll Need

Opening your Representative Payee Account is easy. Just bring the following items into your nearest Ridgewood branch:

• Your Photo ID
• Your Social Security number
• Proof of your New York State address
• The beneficiary’s Social Security number and date of birth

You’ll also need to provide one of the following:

• A letter of appointment from the Social Security Administration (SSA) 
• A check made out to the representative payee

 

FIND A BRANCH    SCHEDULE APPOINTMENT 

 

Why Choose Ridgewood?

Your unique financial situation calls for a unique financial institution. Since 1921, Ridgewood Savings Bank has been here to serve our fellow New Yorkers. We offer the convenience you expect from a big national bank, paired with personalized service that only a community bank can offer.

 

The representative payee can open either a Savings or Checking Account. Power of attorney is not permitted on this account. The beneficiary can have money directly deposited into their account. Other restrictions and conditions may apply.