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  1. #1

    Default How Do Asset Limits Work for SNAP Benefits

    I just had a phone interview for renewing my snaps benefits and the interviewer said that if my bank account statement showed more than $2000 in the last 30 days i would be disqualified. Anyone know if that means the ending balance or the total deposited? My account shows as just a few bucks over 2000. Are they strict about that? She mentioned liquid resources but I'm not completely sure what this is. I'm pretty sure its money but is that all? Will they pay attention to purchases on my statement?

    Thanks

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Snaps Renewal Arkansas (Liquid Resources)

    It means in your account and you have exceeded the limit.

    Liquid resources refers to available cash.

  3. #3

    Default Re: Snaps Renewal Arkansas (Liquid Resources)

    Sorry, I dont understand. I dont have $2000 in my account as of now. The ending balance for the statement from the last 30 days is way below that but the total amount deposited is a little above. So will they make a decision based on the ending balance?

    Thanks

  4. #4
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Snaps Renewal Arkansas (Liquid Resources)

    You are the one that said this;

    My account shows as just a few bucks over 2000.

    So based on the explanation given to you by the interviewer;

    and the interviewer said that if my bank account statement showed more than $2000 in the last 30 days i would be disqualified.

    You will be disqualified because your account did in fact have more than $2000 in it at some time during the last month. You don't get to have an income in excess of the limits of the program and simply spend your money before the end of the months and be allowed to continue as if you never had the income that disqualifies you.



  5. #5
    Join Date
    Oct 2016
    Posts
    147

    Default Re: Snaps Renewal Arkansas (Liquid Resources)

    As far as I know, if you receive the money and then spent it before the end of the month, it won't count as an asset, it will count as income.

    Money cannot count as both income and asset in the same month.

    If you let the money sit and roll over to next month, then it becomes an asset.

    I cannot guarantee what the snap regs are in your state, but this is how most benefit programs work, and it is definitely how SNAP works in most places.

    As long as you reported all your income, I believe they should approve your application if they apply the rules properly. If not, you may be able to appeal by showing that it was income not assets that month.

  6. #6
    Join Date
    Jun 2014
    Posts
    3,212

    Default Re: Snaps Renewal Arkansas (Liquid Resources)

    If you did not report the income within 10 days, you may be found ineligible, disqualified and have to repay the SNAP you received. You may be disqualified from SNAP for several months, if this is your first offense.

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