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Retirement Direct Deposit?
Ok, so my dad is getting retired and i will be getting money from the SSI. My question is that, when i open a bank account does it have to be a savings account or a checking account. I was looking at there High School Checking Account. but my mom is getting me a savings account. Any Pro/Cons on what i should get.
Note: My bank is chase.
2 Answers
- JudyLv 71 decade agoFavorite Answer
SSI, or social security? If you're under 18, the money won't come direct to you, it'll be send to your parents to pay for caring for you. If you're 18 and still in high school, it'll come to you but only until you graduate or turn 19, whichever comes first, then it will stop. I'd go with the savings account, to make it easier to save for college or for when you're on your own.
- KiniLv 71 decade ago
Why are you getting money from Social Security? What does that have to do with your father getting retired? If he collects retiremenet social security, you dont get any of it.
