December 1973 Eligibility Requirements Manual

1025.010.00 DEFINITION

IM-91, June 18, 2020; IM-82, May 20, 2019; IM-32,  March 12, 2013

Cash and securities include:

  • cash in the person’s possession or in safe-deposit boxes;
  • money remaining in a direct benefit account the month following receipt of the payment.  Direct benefit account holders are typically issued a debit card to access the funds in these accounts.
    • Direct Express accounts are a common type of direct benefit account. A Direct Express account is used for deposit of federal benefits such as Supplemental Security Income, Social Security, Railroad Retirement, Veterans Administration benefits, and other federal benefits.  Deposits of these federal benefits are not limited to deposit into a Direct Express account; funds can be deposited into another account type of the beneficiary’s choice.  Personal funds from other sources cannot be deposited into a Direct Express account. Unless the balance is in question, accept self-attestation of the current and prior quarter balances.
    • Child support payments received from the Missouri Family Support Payment Center are routinely issued to direct benefit cards.  Similar to federal benefits, deposits of child support funds can also be made into an account of the payee’s choice.  For more information about child support direct benefit cards for Missouri child support participants, visit
  • deposits in banks, building and loan associations, credit unions;
    • NOTE: Do not exclude the amount of outstanding checks from the verified balance of accounts with financial institutions. In the Uniform Commercial Code, U.C.C. – Article 4 – Banks Deposits and Collections, outstanding checks are those checks that have been written by the account holder or authorized signatories but not yet settled with the financial institution.
  • certificates of deposit or building and loan certificates; 
  • negotiable instruments such as checks, bank drafts, promissory notes, or bills of exchange;
  • stocks, bonds, treasury bills, mutual funds, money market accounts;
  • mortgages, the balance due on sales contracts (such as contracts for deed);
  • Individual Retirement Accounts; and
  • similar instruments, both negotiable and non-negotiable.

Mortgages, Contracts for Deed, Deeds of Trust, Promissory Notes, and other sales contracts created by and/or payable to the participant or his/her spouse, may be an available resource.

For additional information, refer to Income Maintenance Manual Sections: