How Are Daca Ssns Handled By Financial Institutions?

[Joan Miller 0]

I am a credit union employee, not a DACA individual, however I am doing research for the purpose of determining how to handle new SSNs presented by DACA individuals who previously had ITINs or no SSN/ITIN at all.  I would like feedback on how other financial institutions have handled this for DACA individuals.  Our compliance person is insisting a couple of things I am not in agreement with, but need to find out for certain. The SSN cards state "for work only".  This makes her believe we (credit union) CANNOT use it for the purposes of opening a savings/checking account or issuing credit.  (Yet, we have other members who have cards that say the same or similar thing as they are legal residents who are working and that doesn't concern her...???).  The other issue is that we have members who had previously opened their account or got their loan w/ an ITIN, and now want to switch it to their new SSN.  She is refusing to do it, however I believe DACA individuals must cease using their ITIN once their SSN has been issued, correct? 

 

Can anyone provide:

 

1. Credible source/documentation giving direction; or

2. Info on how your financial institution handled this?

 

Thanks,

 

Joan Miller

United Educational Credit Union

Battle Creek, MI

[ツ alejandriiukz ㋡ 41]

You are absolutely correct.  When I went to apply for a checking account the lady just took it as a normal social security number.  What the Social security number has written on it just means that you must have dhs authorization to be able to use it for work.  It does not say anything about banking.  To me it just sounds like she doesn't want to research it or look it up in  the book where it tells you what a person can and cannot use to be able to open an Account. She can refuse all she wants to but it doesn't mean she is doing the right thing >.< I doubt this helped but its something