Unreported bank accounts are one of the largest causes of overpayments. SSA has implemented Access to Financial Institutions (AFI), which allows us to automatically verify bank assets for SSI applicants and recipients through an electronic system. As of June 2011, all 50 states use AFI for all SSI applicants and recipients alleging financial resources above the current resource threshold. We plan on lowering tolerance levels and increasing bank searches in FY 2012. Along with preventing overpayments, AFI will help us to eliminate ineligible applicants at the beginning of the application process, reducing the workload in the.
