If you’re a representative payee for someone receiving SSI or SSDI, you’re responsible for managing their money — but you can’t just spend it on anything. This guide breaks down: What rep payee funds can be used for What’s not allowed How to prioritize spending What to do with leftover money How Purple helps track spending for SSA reporting 1. What Can Rep Payee Funds Be Used For? The SSA is clear: benefits must be spent in the best interest of the beneficiary. This usually

If you’ve been appointed as a representative payee by the Social Security Administration (SSA), your next step is critical: opening a dedicated rep payee bank account. In this post, we’ll break down how to do it in 2026 — step by step. ✅ What You’ll Need Before You Open the Account To open a compliant rep payee account, you’ll need: SSA Appointment Letter (your official notice that you’ve been approved as the payee) Social Security Number of both you and the beneficiary Proof

If you’re a representative payee for someone receiving SSI or SSDI, you’ve probably heard the term “rep payee account” — but what does it actually mean? In this guide, we’ll explain: What a representative payee account is Why Social Security requires one The difference between a rep payee account and a personal account What to look for in a rep payee bank account How Purple helps payees stay compliant and organized 1. What Is a Representative Payee Account? A rep payee accou

If you’re over 62 and living on Social Security, retirement income, or disability benefits, your banking needs look different. You need an account that’s simple, safe, and reliable — without fees, gimmicks, or tech headaches. So what’s the best bank account for seniors in 2026? We’ll walk you through what to look for — and why Purple was designed to meet the needs of older adults. 1. Accepts All Types of Social Security Deposits The #1 priority for most seniors? Making sure y

Banking looks very different when you’re over 62 and living on Social Security, retirement income, or fixed benefits. You’re not chasing points, juggling 5 cards, or setting up business transfers. You just want an account that’s safe, simple, and works for your life. So what really matters in a bank for older adults? Let’s break it down — and show how Purple is built for exactly this stage of life. 1. Easy, Reliable Direct Deposit for Benefits The first (and most important)

If you used the Charlie app for banking and direct deposit — and just learned they’re shutting down — you’re not alone. Thousands of people 62 and older are now asking the same question: Is it safe to switch banks right now? The answer is yes — as long as you do it the right way. Whether you’re receiving Social Security, SSI, SSDI, or retirement benefits, here’s how to switch to a new account safely and without risking delays. 1. Your Money Is Still Yours — Even If Charlie Is

If you’re over 62 and living on Social Security, SSI, or a fixed income, you need a bank account that works for you — not against you. And with the Charlie banking app shutting down, many older adults are looking for a new place to deposit benefits, pay bills, and manage money. But not all banks are built the same — and very few are designed with seniors or benefit recipients in mind. Here’s what to look for — and why Purple might be one of the best options available today.

If you were using the Charlie app to receive Social Security, SSI, or SSDI payments, you’ll need to act quickly to make sure your next deposit lands safely. Here’s a step-by-step guide to moving your direct deposit to a new account — including what to expect and how to avoid payment delays. 1. Choose a New Account That Works with Benefits Not every bank account is designed for government benefits like SSI or SSDI. Before you make the switch, choose an account that: Accepts SS

If you’ve been using the Charlie app — or are part of the group looking for a new banking solution after its shutdown — you’re probably wondering whether Purple is a smart replacement. In this post, we’ll break down how Purple compares to Charlie’s promise and what it brings to the table for seniors, Social Security, and SSI/SSDI recipients. ✅ What Purple Does Better Than Charlie • Built With Benefit Recipients in Mind Purple is designed for people on Social Security, SSI, SS

If you were using the Charlie app to manage your benefits, you’re probably now searching for the best debit card to replace it — one that supports SSI, SSDI, and Social Security payments, without the risk of losing benefits or hitting the asset limit. Here’s what to look for in a replacement — and which cards actually deliver. 1. What to Look for in an SSI/SSDI Debit Card Not every debit card is built with benefit recipients in mind. If you receive SSI or SSDI, your card shou

If you’ve been using the Charlie banking app to receive your Social Security, SSI, or SSDI benefits — it’s time to switch. With Charlie shutting down, you’ll need to update your direct deposit information to avoid any missed or delayed payments. This guide walks you through the exact steps to move your SSA payments to a new account. 1. Open a New Account That Supports SSA Direct Deposit Before you can switch your direct deposit, you need to open a new account. Make sure it: A

The Charlie app was designed to make banking easier for people 62 and older — especially those receiving Social Security, SSI, or retirement income. But with Charlie shutting down in 2025, many are now asking: Where should I direct deposit my benefits instead? In this guide, we’ll break down the best alternatives to Charlie for Social Security and SSI recipients, and what to look for in a new account. 1. What Made Charlie Popular for Retirees? Charlie offered a simple debit c