Our billing notices now contain information about the Pay.gov website as well as a new Remittance ID. For online payments, the Remittance ID is a 10-digit alphanumeric number that replaces your Social Security number. Follow these procedures to make a payment:
- Make a click on “Under the section Repay Your Social Security Overpayment Online, click “Continue.”
- Click and follow the instructions on the next page “Go on to the Form.”
- Enter the Remittance ID number and repayment amount from your billing notice.
Can you use your Social Security number to pay off debt?
No, the Federal Reserve Banks exclusively offer financial services to banks and governments. Individuals are not permitted to open accounts with the Federal Reserve.
According to a popular online scam, the Federal Reserve keeps accounts for individuals that are linked to their Social Security numbers, and that individuals can use these accounts to pay bills and acquire money. These statements are untrue. Individuals should not attempt to make payments using Federal Reserve Bank routing numbers or fraudulent routing numbers because the Federal Reserve does not manage accounts for them. Individuals who use a Federal Reserve Bank routing number to pay bills or conduct other activities may risk penalty penalties from the company they’re trying to pay, as well as the suspension or closure of their commercial bank or payment service provider accounts. This scheme is known to law authorities, including the Federal Bureau of Investigation (FBI), and those who participate in it may face criminal penalties.
Internet fraud victims are encouraged to file a complaint with the FBI’s Internet Crime Complaint Center at www.ic3.gov.
Is your Social Security number a bank account number?
“A lie can go halfway across the world before the truth can get its boots on,” as the adage goes. This is particularly true of inventions using Social Security numbers and the numbers on the backs of Social Security cards. Despite the best attempts to teach the public about the innocuous and mundane nature of both, rumors and myths about what they are really for continue to persist.
Your Social Security Number is a secret bank account
This misconception could get you in hot water, and despite the Federal Reserve issuing a warning, it resurfaced with the covid-19 outbreak. According to the article, consumers have a private “secret” account with the Federal Reserve, which they may use to pay bills or withdraw money using the Fed’s routing number and their Social Security information.
To begin with, a private individual cannot open a Federal Reserve account. The Federal Reserve is the country’s central bank, and it deals with transactions between institutions rather than individuals. The routing numbers used by the institution are not the same as those used by a retail bank for sorting payments. According to the Federal Reserve, attempting to pay your bills this way could result in late fees and possible criminal charges.
Can I use my Social Security card to pay bills?
- Direct Deposit (Social Security benefits only) can be started or changed online.
The Direct Express card is a debit card that allows you to access your benefits without having to have a bank account.
We deposit your federal benefit payment straight into your card account with the Direct Express card program. On your paymentday, your monthly benefits will be available—on time, every time. At hundreds of establishments, you may use the card to make purchases, pay bills, or get cash.
How much money is my Social Security number worth?
According to security firm Flashpoint, a Social Security number, birth date, and full name might sell for $60 to $80 on the digital black market for persons with good credit ratings.
Can they garnish Social Security for credit card debt?
Creditors can acquire a court order to garnish your salary if you don’t pay your bills, but what if your only source of income is Social Security? The answer is that it varies according on the type of debt.
Social Security benefits cannot be withheld to pay off most sorts of debt, including credit cards, medical bills, and personal loans. If you owe money to a creditor, the creditor might move to court to have money taken from your bank account. If your Social Security check is put straight into a bank account, the bank is supposed to keep your payments safe from garnishment. When a creditor attempts to freeze a debtor’s bank account, the bank must examine the debtor’s prior two months of transactions to see if the debtor received any Social Security benefits via direct deposit. For example, if you receive $1,500 in Social Security each month, your bank must enable you to withdraw up to $3,000 from your account.
Is Social Security card a bank account?
You cannot pay bills with your Social Security Number because it is not a bank account. A bank account is a personal account that you and the financial institution or credit union handle together. Social Security, on the other hand, is administered by the federal government and does not provide universal access to you or other citizens of the United States.
Many official actions, such as accessing your credit report, checking your immigration status, or validating your identify, require your Social Security Number to be used as a personal identification number. If you’re qualified for Social Security benefits, you might be able to get them in your own bank account. Your Social Security Number, on the other hand, is just used for identification purposes and is not linked to a hidden bank account with funds that you can use to pay bills.
What bank owns my Social Security number?
Rep. Bob Inglis related a story about meeting up with some voters who earnestly regaled him about the ominous origins of the number on the back of your Social Security card in David Corn’s post this morning. “That amount represents the bank that purchased you at birth based on a prediction of your lifetime earnings,” they explained.
It was a good time. But it got me thinking: what is the back of your Social Security card number? I couldn’t verify because I haven’t had a tangible Social Security card in decades. Marian, fortunately, is more careful than I am and was able to locate hers. On the back, there is, indeed, a number. But why is it there?
A Google search yielded little, much to my dismay. I did, however, come across a blog post that detailed a few fascinating facts concerning Social Security numbers. It was intriguing, but not exactly what I was hoping for.
Howles, F.: Here’s one to look into. What is the purpose of the red numerals on the back of a social security card?
Captian Sparrow, Jack: I’m curious as to what the red numbers on the reverse of the card are for. My curiosity is piqued as well.
freedomfighter: About the serial number or whatever it is on the back…I’m looking into it, but from what I’ve gathered, it’s a bank routing number that links you to a royalty british bank.
golbguru: Do you have a source for “but from what I’ve gathered, there is a bank routing number linking you as property of some royalty british bank.”? That, in my opinion, is just nonsense.
freedomfighter2: I’m actually looking for documentation, but all I recall is hearing about it in some Google video…not the most encouraging evidence, but for now, until I’m proven wrong, I propose leaving it as a possibility…if I find the video, I’ll publish it.
I’m perplexed: I’m still looking into the numbers on the back of Social Security cards. The numerals on my friend’s card are red. Mine are a different color, and I’m not sure why.
Puzzled: By the way, that thing about your SSN being related to some royal British bank that you think is BS is completely accurate. Your Social Security number is linked to the Social Security Administration, which is linked to the Federal Reserve System, which is privately owned by stock-holding banks, one of which is Barclay’s, a Royal British Bank, as well as several American banks that are also owned and controlled by the British.
Beaver: The red numerals on the back of your social security card, according to popular mythology, are your EIN, or employment identification number. If you’re simply an ordinary John Doe citizen, you’re a US Corporation employee, and you’re also a corporation. That is why you should utilize the number on the front of the card, which is your employee ID number (SSN). If you get a new card, the number on the reverse is supposed to be printed in red ink, and you can use it to announce that you’re a sovereign American rather than a citizen of the United States…. You claim possession of the card and the chattel property it represents if you use the number on the back, the “tracking number for blank cards” printed in red ink. The chattel property is you. They’ll “own” you if you don’t. You’re their chattel property, and you’re being held as collateral in the bankruptcy that the US government filed against worldwide financial firms during the Great Depression in the 1930s.
They instructed me to enter my birth year, followed by the red number. Choose a mutual fund and its number. If you have one, you’ll find out what it is. So, if I was born in the year 76, I’d type in 76xxxxxxxx.
Angry: I called the Social Security Administration to inquire about this. The following four responses came from the representative: 1) “I have no idea, please wait.” 2) “Wait a minute, I’ve never heard of that.” 3) “I’m still checking; this is the first time I’ve ever been asked this question.” Finally, 4) “It refers to the date on which the card was issued.” It’s a reference number that has nothing to do with your Social Security number.”
RON: Your SS# is “Priority Exemption Acc. #” on the back of your card. The letter denotes the Federal Reserve Bank that holds the bond, and the last eight numbers are the account number.
chandra: Is it possible to look up the federal reserve bank that corresponds to the letter???
a good neighbor: At the Fed, one SSN is associated with ten bonds. The number on the back of the card is one of ten that identify the bond with which it is tied. The bond, which is kept by the Fed, is linked to an account. This is the “Private Exemption” account that was mentioned earlier. The Depository Trust Company is the sole means to gain control of these bonds/accounts.
Strobel: I’m trying to find out more about the red digits on the back of the SS card. That figure, according to a man I met, is used to pay his monthly bills. It’s allegedly a bank routing number for the British bank stated by a few folks here. Is there any more information about this?
No One: To answer your question about the red numbers on the back of your cards, when I worked for the government, I learned that during the Great Depression, the government began investing in the world market in our names and using our Social Security numbers so that if something similar happened again, they would be able to pay out the unemployed.
Falcon: I’ve heard a lot of various opinions regarding how to capture your STRAWMAN, charge up your treasury account, and pay off your debt so far in my investigation. The issue is that they’re all just hypotheses!
Please be wary of those that try to charge you money for this knowledge, my friends. I’ve already spent a lot of money, and the information I’ve received is contradictory. My friends are working with a “Patriot” who has gladly accepted tens of thousands of dollars as a charge to assist them, and all that has happened thus far is that their bank accounts have been closed due to fraudulent cheques. Although no one has been detained, which is intriguing, I am keeping a careful eye on their progress.
As you can see, it’s becoming a little pitiful at this point. These claims are always ridiculous, but there are plenty of bottom feeders out there who prey on people who believe them.
But, of course, I don’t want you to be left in the dark. What is the back of your Social Security card number? Here’s the solution:
Can Social Security check your bank account?
The short answer is yes, the Social Security Administration (SSA) can monitor your bank accounts if you receive Supplemental Security Income (SSI). You must grant them permission to do so. The quick answer is no for those receiving Social Security Disability Insurance (SSDI) or ordinary Social Security Retirement Benefits, because there is no asset limit to be eligible for benefits.
Can I sell my Social Security number back to the government?
You’ve heard it a million times: keep your Social Security number private. Don’t give it out if you don’t have to. Keep it out of your wallet. Don’t use some of its numbers as your ATM card’s personal identification number.
That is excellent advice, but it only serves to keep a terrible situation from worsening. SSNs, or Social Security numbers, are widely used nowadays. Although the Internet has sped up access, your privacy has been compromised even before the Web.
“The SSN horse has been out of the barn for a long time, but we’ve just recently realized,” says David Medine, associate director for financial practice at the Federal Trade Commission. “We require a new method of recognizing individuals.”
Private companies can legally sell or expose Social Security numbers, believe it or not. The Privacy Act of 1974 limited the government’s use of Social Security numbers while allowing the private sector to use them as they pleased.
SSNs could be purchased over the internet until two years ago. Finally, Congress and the Federal Trade Commission pushed the database business to restrict public access.
The 14 members of the Individual Reference Services Group, which includes the three major credit bureaus as well as the leading compilers of public records and other personal databases, are covered by the limiting agreement.
Despite removing general public access, these companies continue to sell your SSN (or a portion of it) to a variety of commercial firms, including private investigators, lawyers, banks, insurers, credit-granting firms, debt collectors, phone companies, hospitals, insurers, law enforcement agencies, and employers.
Some of those with access will inevitably be dishonest or malicious, stealing SSNs and other personal information for illicit purposes.
Social Security numbers are frequently visible to the public. Simson Garfinkel describes more than two dozen ways that SSNs are utilized as universal identifiers in his new book, “Database Nation” (O’Reilly, $24.95).
Your SSN, for example, is your Medicare number. It may also show on your driver’s license, marriage license, blood donor card, birth certificates for your children, and any government benefit application.
One of the ways commercial databases obtain your phone number is through public records. Credit bureaus are another source of information.
The Federal Trade Commission (FTC) sued the three major credit bureaus in the early 1990s for selling your credit information for “illegal uses,” such as direct marketing. According to the FTC, this was a violation of the Fair Credit Reporting Act.
Equifax willingly left the company. Experian (formerly TRW) came to an agreement in writing about what it could and couldn’t sell.
The agreement authorizes credit bureaus to sell your name, address, date of birth, and Social Security number, but not any other personal credit information. They can’t sell the names of those who have high credit limits on their bank cards, for example.
Trans Union, the third credit bureau, declined to agree to a settlement and has been battling the FTC in and out of court since 1992. The Federal Trade Commission recently ordered it to stop selling sensitive credit information for marketing purposes, including your age. Trans Union intends to file an appeal.
The FTC’s staff had hoped that the commission would also impose restrictions on the sale of Social Security numbers, but this did not happen. “The SSN issue is getting hotter because it’s the key to identity theft,” Medine told Dori Perrucci, one of my associates.
Someone can impersonate you and apply for a credit card using a different address if they have your name and SSN. Your credit record will be tarnished by unpaid debts by the time you find out.
After three acquaintances had their identities taken, attorney and reader Francis J. Menton Jr. of Willkie Farr&Gallagher in New York became interested in protecting his own SSN. As it turns out, maintaining your privacy is impossible.
According to credit bureaus, you can’t opt out of databases utilized by businesses with a valid need for your information (banks, insurers, employers and law-enforcement agencies, among others). Your SSN or any other information will not be removed from the databases. Except in unusual situations, the Social Security Administration will not modify your number.
Menton reviewed my file for me at Database Technologies, a database business in Boca Raton, Florida. It included not just my Social Security number, but also the Social Security numbers of two of my children, my son-in-law, and the individuals who bought our former house, as well as their addresses and other information. If the information originates from public records, it can be legally disseminated, according to Medine. There’s nothing you can do about it.
Jane Bryant Quinn, a syndicated columnist, can be reached at the Washington Post Writers Group, 1150 15th St., Washington, D.C. 20071-9200.
Can I pay bills with cash App routing number?
To pay invoices with your balance, use your account and routing numbers. To pay bills with your account and routing numbers, follow these steps: On the Cash App’s home screen, tap the Banking tab. When requested for a bank account when setting up bill pay, enter the account and routing information.
What can I do with someone SSN?
Someone who possesses your Social Security number can effectively impersonate you. They may be able to obtain tax refunds, perks, and income, commit crimes, make purchases, create phone numbers and websites, build up residences, and use health insurance in your name.
How do I transfer my social security to another bank?
- Make sure you’re logged in to your account.
- Sign in and go to the right side of the screen to the blue Benefits & Payment Details link.
- Choose whether you are the owner or co-owner of the bank account by scrolling down and selecting the Update Direct Deposit button.
