Image source: https://www.flickr.com/photos/pictures-of-money/17123251389
Every social security card has a series of numbers listed on the back of your card, these numbers coordinate with an actual federal reserve account. There are different federal reserve accounts in different cities in America. These numbers are apparently used to sort payments between banks.
Isn't it crazy that for so many years we had a federal bank tied to our own social security account and the general population did not know?
In theory using your social security account number and federal reserve routing number should allow you to pay for bills. Before you get excited about all the money that you have access to now and try to pay bills with the account, please keep in mind that if transactions do initially go through, they will eventually be cancelled.
I am going to put a link to the Atlanta Federal Reserve PSA:
https://frbatlanta.org/news/pressreleases/atlantafed/2017/0712-consumer-scam-alert-fr-routing-numbers
The question remains though, should the government be restricting you from access to the money you have put into your own social security account?
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