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Programs |
Manual Section |
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ALTCS |
A customer deposits a $1,000 Social Security check in his checking account. The check includes $200 for the current month and $800 for the four months before. The account already contained $300 in counted funds. The new balance is $1,300 ($500 counted, and $800 excluded retroactive SSA benefits).
The individual withdraws $300. This is considered taken from the counted funds. The remaining $1,000 balance contains the excluded $800, and the remaining $200 of counted funds.
The individual withdraws another $300. $200 is considered taken from the remaining counted funds and $100 from the excluded funds. The balance of $700 is excluded.
The individual deposits $500 from the sale of some furniture, creating a new balance of $1,200. Only $700 of the new balance is excluded.
A customer deposits $200 in excluded funds in a checking account that already contains $300 in non-excluded funds.
The individual withdraws $400. The remaining $100 is excluded.
The individual then deposits $100 in non-excluded funds. Of the resulting $200 balance, $100 is excluded.
he individual next deposits $100 in excludable funds. Of the new $300 balance, $200 is excluded.