IF YOUR SOC SEC gets paid to your CURRENT BANK location-—Where does it get deposited IF that branch closes???
Seems to me customers could get caught in a MASSIVE bind.
It doesn't work that way. Your SS gets deposited into your bank company, not a specific bank branch. If you take advantage of the bank's online services, you would always have access to your accounts. The entire bank company would have to go under for you to not have access.