Opening Financial Accounts

• Whether you want to establish a new line of credit or open a checking or savings account, you will need your Social Security number. Credit cards allow you to make purchases now and pay them back over time with interest. You may obtain a credit card using your Social Security number through a bank or an outside company like a retailer. Because credit cards help to determine your credit score, it is important that others do not use your Social Security number to establish credit in your name.
  
  

Leasing an Apartment or Car

• If you want to lease an apartment or car, you will likely need your Social Security number. This is generally so that leasers can obtain a copy of your credit report and determine if you are financially responsible enough to make on-time payments. This also helps leasing companies to determine your true identity. As with anything else, it is important that others do not lease anything using your name and Social Security number, as this can have detrimental effects on your credit score.
  
  

Employment

• It is illegal to hire people who do not legally reside in the United States. In keeping with this law, employers often require that you present either a passport or a copy of your Social Security card and a driver's license before hiring you. Passports establish both your identity and your employment eligibility and also allow you to travel between countries. To obtain a passport, you will need to present your Social Security card to the proper authorities. Your Social Security number also allows employers to identify you for tax purposes.
  
  

Receive Government Benefits

• If you are eligible for government benefits like cash assistance, Supplemental Security Income (SSI) benefits, disability benefits, or Medicare, you will need a valid Social Security number. The SSN allows a government agency to verify your identity and ensure that they are distributing benefits to the correct person. If you ever have problems receiving your benefits, government agencies can use your Social Security number to easily locate your record. Lastly, you can use your Social Security number to file your taxes and receive your tax refund each year.