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#1803319 - 04/10/13 05:36 PM SSA Direct Deposits - IAT's??
Cape Codder Offline
Gold Star
Joined: Jul 2011
Posts: 413
We recently discovered that our IAT reports now include SSA ACH direct deposits. In most instances our customer has a foreign residence, although a few profiles are totally domestic. In those cases the IAT credit still reflects a foreign location (probably based on info provided by the recipient). As these transactions don't involve a foreign bank we couldn't understand why they were appearing as IAT's. When asked why, the Social Security Administration responded that they will process as an IAT any payment where the recipient's record indicates a foreign country, regardless of whether or not the recipient bank is foreign or domestic. Has anyone else run into this problem?
Nothing difficult is ever easy.

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#1803346 - 04/10/13 06:20 PM Re: SSA Direct Deposits - IAT's?? Cape Codder
E.E.G.B Offline
Power Poster
Joined: Jul 2002
Posts: 6,726
the sandy shore
I have seen it somewhere and that's the same explanation they gave the bank then too. I want to say it was late fall / early winter 2012 that I ran across it.
I disbelieved what he was saying so hard, I probably created an alternate universe where it wasn't true.

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#1803473 - 04/10/13 09:12 PM Re: SSA Direct Deposits - IAT's?? Cape Codder
devsfan Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,927
Yes, we saw a large increase in late 2012.

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