Over a decade ago, Social Security sucked money out of my bank account.

[Girard442]

My wife had just passed away and her Social Security disability payment appeared in the bank balance after the date of her death. I was about to consult an accountant as to the proper thing to do when the money was clawed back by SS. They were clearly in the right in their actions in this particular case.

Still, it's worth knowing that the machinery for moving money out your account has been in place for 10+ years. I'm sure it's still there.

On edit: I changed the title to Social Security. Apologies.

[mommymarine2003]

1. Something similar happened to my father's bank account after he died.

My father died on November 21, 2013. He was a retired military officer (31 years). The government took back the total month of retirement pay rather than pro-rating it since he lived three weeks into the month of November. There was no warning. They just took it back.

[marybourg]

2. When you give your consent for direct deposit,

you are also consenting to legitimate withdrawals.

[Buckeyeblue]

3. Also financial institutions are required to retun SSI payments made after DOA

They return those payments with a unique return code that informs SSA that the payee is deceased.

[Gruenemann]

4. Same experience...

In 2000.

[alarimer]

5. Legitimate withdrawals are one thing

I'm scared about illegitimate stuff Elon is planning.

Planning on putting my tax refund in an account I don't use for anything else, then moving the money. If my tax refund is legitimately incorrect, the IRS can send a letter.