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 balance information or the funds.

Required Documents

Completed Representative Payee Account Application
Social Security Administration (SSA) designation letter or documents appointing the Representative Payee for the Beneficiary
Valid ID required for the SSA Beneficiary and Representative Payee.

How to Provide the Documents

You have two different ways to submit your documents:

Find a location to submit in person.
Mail to:

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

Application Process

The account opening process takes approximately two business days after we receive the required documents.

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 inquire and 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.
Account types available for Representative Payee accounts: Member Share Savings, Savings, Checking, Money Market, and Certificate of Deposit (CD).
Account types not available for Representative Payee accounts: Individual Retirement Accounts (IRAs), loans and credit cards.
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.