When Should You Give Out Your Social Security Number?

Can someone steal my identity with just my Social Security number?

A dishonest person who has your Social Security number can use it to get other personal information about you.

Identity thieves can use your number and your good credit to apply for more credit in your name.

Someone illegally using your Social Security number and assuming your identity can cause a lot of problems..

What can someone do with my SSN and DOB?

Once someone has your Social Security number, they can essentially become you. They may be able to collect tax refunds, collect benefits and income, commit crimes, make purchases, set up phone numbers and websites, establish residences, and use health insurance—all in your name.

Can someone access your bank account with your SSN?

They can use your SSN to open a bank account in your name. That means that anyone with your SSN can easily open a bank account in your name, especially if the identity thief already obtained a driver’s license in your name. … This tells creditors to call you before they open any new accounts in your name.

Do you have to give out your Social Security number?

Yes, you can refuse unless you’re legally required to provide your Social Security number (SSN). However, there’s also no law preventing businesses from asking for it or refusing you service if you don’t provide it.

What happens if you give someone your Social Security number?

What happens if you accidentally give someone your Social Security number? No matter how or why it happened, if you give your SSN to someone you suspect might be a scammer—or think that your SSN has been stolen for any other reason—take action quickly. You could become a victim of identity theft.

Why would a bank need your Social Security number?

Since 1970, the federal government has required banks to obtain customers’ Social Security numbers. Financial institutions use your SSN to check your credit, to report your interest and investment income or losses to the IRS, to report your tax-deductible mortgage interest to the IRS, and to manage your account.

Who can legally ask for your SSN?

Who has the right to request your SSN? Federal law mandates that state Departments of Motor Vehicles, tax authorities, welfare offices, and other governmental agencies request your SS number as proof that you are who you claim to be.

Why you should never give out your Social Security number?

It’s the identification number the government uses to track your wages, and it’s something you’ve probably heard you should keep under wraps to the greatest extent possible. The reason? If your Social Security number falls into the wrong hands, you could wind up a victim of identity theft.