Common use of Representative Payee Accounts Clause in Contracts

Representative Payee Accounts. In order to establish an account with MSUFCU, the Beneficiary must qualify for membership. The Representative Payee(s) must provide documentation from the governmental agency that lists the appointed Representative Payee or Payees (Fiduciary), lists the Beneficiary of the funds, and indicates that all Representative Payee or Payees can act independently. The Beneficiary’s IRS-issued Tax Identification Number must be provided on

Representative Payee Accounts. In order to establish an account with MSUFCU, the Beneficiary must qualify for membership. The Representative Payee(s▇▇▇▇▇(s) must provide documentation from the governmental agency that lists the appointed Representative Payee or Payees (Fiduciary), lists the Beneficiary of the funds, and indicates that all Representative Payee or Payees can act independently. The Beneficiary’s IRS-issued Tax Identification Number must be provided onthe