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SNAP CERTIFICATION MANUAL – SECTION 4000 5B4600 Determining and Verifying Countable Resources 29B4601 Ownership of Liquid Bank Accounts
4600 Determining and Verifying Countable Resources
SNAP Manual 04/01/2024
To determine a household’s total countable resources, the county office worker must consider the resources available to all eligible household members and the resources available to any household member disqualified for one of the following reasons: 1. Intentional Program Violation; 2. Failure to comply with the SSN requirement; 3. Failure to comply with the SNAP E&T Program or Workfare. The countable resources of ineligible aliens are also considered if the alien would otherwise be considered a household member. Listed below are examples of liquid resources. 1. Bonds. 2. Cash on hand includes electronic accounts such as Cash App, Venmo, PayPal, Zelle, or other similar applications or electronic accounts that may exist in the future. 3. Funds held in individual retirement accounts (IRA’s). 4. Funds held in Keogh Plans (when held solely by the household members). 5. Money in checking or savings accounts including Christmas clubs and children’s accounts. (See SNAP 4601 for information about ownership of bank accounts.) 6. Mutual Funds. 7. Savings certificates. (See SNAP 4601 for information about ownership.) 8. Stocks. 9. Funds that may be withdrawn (less a one thousand five hundred dollars ($1,500) per-person disregard) from prepaid burial plans without a contractual obligation to repay. (See SNAP 4602. Liquid resources must be verified at initial application and thereafter when a new liquid resource is reported or when information about previously reported resources is incomplete, inaccurate, inconsistent, or outdated. Applications that attest to resources exceeding the resources limit must be verified; if verification of excess resources is not received, the application will be denied for failure to return requested information. A full description of each type of resource, acceptable verification, and documentation is contained in SNAP 4601 - 4670.