My mother-in-law flat out asked me if I received my daughter's ssn yet. I said yes, she said, oh great whenever you get a chance will you give that to me to open an account. My first reaction (in my mind) was, Excuse me?! Well, I don't know about you but I don't want to be passing around my daughter's ssn. This may sound like a very generous act, but she didn't exactly discuss it or ask my husband and i. She is good with her finances and somewhat wealthy, but I feel uncomfortable just handing it over to her. She's such a sweet lady and I don't want her to take it the wrong way, but I felt very uncomfortable when she didn't explain why our what kind of account. I know it may be obvious, but I mean I feel I have the right to know if I'm going to hand over my daughter's ssn. My parents never gave anyone my ssn. They opened my savings account and any grandparents that made bonds spoke with my parents first and didn't open an "account" but more so just the bonds. Am I just being over protective?
Re: Social Security Number and the in-law
My in laws asked for my LO's ssn so they could open an account. I think they feel more comfortable doing it themselves so they don't have to feel weird about letting the parents know how much they're putting away for LO.
Of course, as your LO's mother, you have every right to do as your parents did. There's nothing wrong with that. But it sounds like your MIL is being genuine.
ETA: if you are concerned about it, look into getting LifeLock for your LO.
Me: 25 | DH: 25
DD: Aug. 15
Formerly known as Kate08young
August '18 Siggy April Showers:
Married: 7/22/14
Baby L: 8/4/2015 August 2015 Moms
Baby E: 11/18/2016 December 2016 Moms
TTC #3 08/2017 BFP 11/27/2017.
Twin B lost 11/22/2017, Twin A doing well.
My ILs asked so they could open a 529 for our DD, which they hold so they get the tax benefit from contributing, which they would not get if they just handed over money to us to put in the one we have for her.
BFP #2 4/13/10. Bridget born 12/28/10
BFP #3 Finn born 8/11/15
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To be safe, you can talk with your MIL about when she'd open the account so that either you can be there in person to provide the SSN to the banker, or you can do a credit report to verify if she opened a credit card or loan and freeze immediately after.
It's free to freeze for minors (at least in the state of WI, each state has their own fee schedule) for all three credit bureaus. It'll prevent anyone from using the SSN to open any new credit accounts.
The difference between a credit freeze and a product like Lifelock is that Lifelock only lets you know that someone used the SSN to open new credit lines after the fact and they'd help with paperwork to help restore their credit. Credit freezing is preventative so you won't need to repair it later.
Here is some links to get more info directly from the bureaus:
https://www.experian.com/consumer/security_freeze.html
https://www.equifax.com/help/credit-freeze/en_cp
https://www.transunion.com/freeze
Hope this helps!
BFP #2 4/13/10. Bridget born 12/28/10
BFP #3 Finn born 8/11/15
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