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Count the value of bank accounts such as:
• checking,
• credit union accounts,
• saving certificates,
• NOW accounts,
• savings, and
• savings of a foster child either in the form of a revolving fund account or separate savings account.
Treatment: Countable Resource
Exception: If an individual has a checking account into which they regularly deposit their grant and out of which they regularly pay their expenses, it is considered a "working" checking account. Subtract the payment standard for the group size from the account’s balance. The remainder is a countable resource.
See also Certificates of Deposit , IRA’s , Keogh Plans , PASS , and Trusts .