Opening a Representative Payee Account

Representative payee accounts are established to accept Social Security Administration (SSA) payments when a SSA beneficiary is unable to personally manage those payments. While the beneficiary retains ownership interest, they are not permitted to have direct access to the funds.

Opening a Representative Payee Account

To open a new representative payee account, you will need to provide the following required documents for review:

Completed Representative Payee Account Application
Social Security Administration (SSA) designation letter or documents appointing the Representative Payee for the Beneficiary

Returning Documents to BECU

You have two ways to submit your documents:

In person at any BECU location.
Mail to:

BECU
Account Servicing M/S 1094-2
P.O. Box 97050
Seattle, WA 98124-9750

Important Information

The Social Security number (SSN) or Taxpayer Identification number (TIN) is required for the SSA beneficiary and the representative payee.
BECU does not accept SSA representative payee applications (these must be sent to the SSA directly).
If the SSA beneficiary already has BECU accounts, the accounts cannot be converted or used as representative payee accounts. New accounts must be established for purposes of receiving SSA benefit payments.
Only SSA benefit payments may be deposited to the representative payee accounts. No other funds should be deposited to this account.
Only the representative payee can transact on the account.
A periodic statement is generated for the representative payee account. It is mailed in the SSA beneficiary's name, in care of the representative payee, to the representative payee address we have on file.
Eligible account types: Member Share Savings, Savings, Checking, Money Market, and Certificate of Deposit (CD).
Account types not eligible for representative payee accounts: Individual retirement accounts (IRAs), loan accounts and credit card accounts.
If the beneficiary passes away, any remaining funds belong to their estate, or if there is not an estate, the account(s) must be handled according to state law. If you need information about state law, please contact the probate court or an attorney.