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Forum
-> Household Management
-> Finances
amother
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 Mon, Jul 15 2024, 7:00 pm
| amother OP wrote: | | I didn't say my bank statements got me declined. I'm just nervous about showing them. Income is very low right now and if I have to pay for food also it'll be very hard. Don't want to pay for food from savings. |
I think if you have savings in bank then you're not eligible for food stamps.
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amother
Pearl
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Mon, Jul 15 2024, 7:02 pm
| amother Phlox wrote: | | I think if you have savings in bank then you're not eligible for food stamps. |
In Maryland you’re allowed to have some savings.
From their website:
Who is eligible for Maryland Food Supplement Program?
To be eligible for this benefit program, you must be a resident of the state of Maryland and meet one of the following requirements:
You have a current bank balance (savings and checking combined) under $2,001, or
You have a current bank balance (savings and checking combined) under $3,001 who share their household with one of the following:
A person or persons age 60 and over or
A person with a disability (a child, your spouse, a parent, or yourself).
In order to qualify, you must have an annual household income (before taxes) that is below the following amounts:
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amother
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Mon, Jul 15 2024, 7:04 pm
It depends what they consider assets. A house and a car is an asset but I think cash in the bank or savings makes you ineligible.
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amother
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Mon, Jul 15 2024, 7:06 pm
This is not the snap site. Go to snap.
As a rule if it not a .gov, it’s not the site you want.
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amother
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Mon, Jul 15 2024, 7:07 pm
| amother Phlox wrote: | | I think if you have savings in bank then you're not eligible for food stamps. |
Not necessarily
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amother
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Mon, Jul 15 2024, 7:09 pm
| amother Phlox wrote: | | It depends what they consider assets. A house and a car is an asset but I think cash in the bank or savings makes you ineligible. |
Did you read what the site says? It specifically says money in the bank is not look at for determining eligibility.
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amother
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Mon, Jul 15 2024, 7:51 pm
| amother Phlox wrote: | | I think if you have savings in bank then you're not eligible for food stamps. | In NJ this is not the case. And since snap guidelines are federal I assume it’s not the case anywhere else either.
OP I give in my bank statements every year in NJ. For every account that I have including savings. They just want to see all the money you have coming in. As long as you’re not adding to your savings I wouldn’t worry about the savings you already have. I’ve bh never had an issue.
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Hashem_Yaazor
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Mon, Jul 15 2024, 8:15 pm
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When Obama was president, they stopped taking assets into account to determine food stamp benefits.
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GLUE
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Tue, Jul 16 2024, 2:15 pm
| Hashem_Yaazor wrote: | | When Obama was president, they stopped taking assets into account to determine food stamp benefits. |
Are they starting again?
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amother
Clear
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Tue, Jul 16 2024, 2:58 pm
| amother Phlox wrote: | | It depends what they consider assets. A house and a car is an asset but I think cash in the bank or savings makes you ineligible. |
I have an IRA, have savings and own N expensive apartment. I have Snap and Medicaid because I’ve been u employed for a year. NYC
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Hashem_Yaazor
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Tue, Jul 16 2024, 3:32 pm
| GLUE wrote: | | Are they starting again? |
I doubt it
They might be looking for discrepancies in reported income vs what is being put into the bank...I don't know.
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amother
Candycane
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Tue, Jul 16 2024, 5:52 pm
I have never heard of bank statements needed.
SNAP TAKES INCOME INTO ACCOUNT, NOT ASSETS!!!
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amother
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Tue, Jul 16 2024, 5:55 pm
| amother Candycane wrote: | I have never heard of bank statements needed.
SNAP TAKES INCOME INTO ACCOUNT, NOT ASSETS!!! |
No need to scream. They used to have asset limits.
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amother
Winterberry
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Tue, Jul 16 2024, 6:01 pm
Do you have self employment income?
I have had bank statements asked for in those circumstances.
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amother
Orchid
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Tue, Jul 16 2024, 7:50 pm
| amother DarkRed wrote: | | Idk where you are located but in NYc savings don’t count. I had $300k in savings but no income and got approved no problem. |
How do you take food stamps with 300k in savings?! Can you buy me a steak?! I’m a hard working middle class tax paying citizen whose eligible for nada!
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kyceli
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Sun, Jul 21 2024, 4:06 pm
| amother OP wrote: | | The last 2 years we qualified for food stamps but I don't remember showing bank statements. I'm nervous by showing bank statements I won't get reapproved. Any way to go about this? |
They usually wont ask you for it if you have a job/income.
If they ask you for it and you dont have a job there is a chance they can look through your bank statements and count any zelles or incoming money toward income. It happened to me and I got a lot less....
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