A facility must transfer all money from a resident's personal account in excess of how much to an interest-bearing account?

In Arizona, regulations require that any amount in a resident's personal account that exceeds $50 must be transferred to an interest-bearing account. This policy is designed to ensure that residents' funds are managed appropriately and can earn interest, which can be beneficial for the residents’ financial situations. The threshold of $50 is set to provide a balance between allowing residents some liquidity for smaller expenses and ensuring that larger sums of money are set aside in a manner that can accrue interest, promoting the financial well-being of the resident.

This regulatory framework emphasizes responsible financial management within nursing care institutions, protecting residents from potential mishandling of their funds and ensuring their assets appreciate over time.