Why it's important to tell Social Security about your financial accounts

Do you receive Supplemental Security Income (SSI)? If so, you need to tell us about any financial accounts you own, alone or with someone else.

That’s because SSI is a needs-based program, and eligibility is determined by your resources as well as your income. Examples of financial accounts include:

• Checking, savings and credit union accounts.

• Christmas club accounts.

• Certificates of deposit, also known as CDs.

• Stocks and U.S. savings bonds.

What you need to tell us

You need to tell us about changes to your financial accounts or account balances to ensure you receive the correct SSI pa...