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✓ Representative Payee Bank Account . A representative payee can become personally responsible for intentional and unintentional errors allowing benefits to be stolen, lost, or overpaid, including having the representative payee’s own social security benefits withheld to pay back an overpayment. If the person receiving the. Download ✓ Representative Payee Bank Account Personal Accounting Form Template, Format and Example from www.buysampleforms.com Hurst key takeaways a bank account designated as a representative payee is a type of account that is used by a designated individual or organization to manage the financial matters of We appoint a payee to receive the social security or ssi benefits for anyone who can’t manage or direct the management of his or her benefits. The representative payee can open either a savings or checking account. But must be placed in a separate bank account that belongs to the beneficiary and. The representative payee (s) must provide documentation from ...