Q:

What is SSA TREAS 310 XXSOC SEC?

A:

Quick Answer

“SSA TREAS 310 XX SOC SEC” is the header of the Automated Clearing House payments made by the U.S. Department of the Treasury and the Social Security Administration. Beneficiaries of both departments see that header listed on their bank statements.

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Full Answer

As of Jan. 3, 2013, both departments converted their benefits payments to a new ACH payment processing system. This change resulted in a new header being listed on the beneficiaries’ bank statements. The previous system utilized “US TREASURY 303,” “US TREASURY 310” or “US TREASURY 312” as the company name field based on the office distributing the funds. All three have been consolidated under the umbrella of “SSA TREAS 310” in order to simplify this process.

The originating routing and transit number, the identification number and the originating depository financial institution are also affected by the implementation of the new processing system. Those receiving benefits, such as disability payments or Social Security benefits, from either department saw a change in the format of the header listed on their bank statements. This change does not affect the actual payments the beneficiaries receive. It is solely a change to the record-keeping processes by the U.S. Department of the Treasury and the Social Security Administration.

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