What does Misc pay 36 Treas 310 mean?

The SBAD TREAS 310 Misc payment is the “advance” to the EIDL and it’s a grant or subvention. The EIDL will be the total loan that you will have to pay in a 30 years period and it will be deposited within 2 to 3 weeks upon receiving the “grant”.

Why did I get an additional deposit from Social Security?

The extra payment compensates those Social Security beneficiaries who were affected by the error for any shortfall they experienced between January 2000 and July 2001, when the payments will be made.

What is an ACH deposit from the government?

The Automated Clearing House (ACH) is the primary system that agencies use for electronic funds transfer (EFT). With ACH, funds are electronically deposited in financial institutions, and payments are made online.

What is a ACH transaction?

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH credit transfers include direct deposit, payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills.

What does ACH credit from Social Security mean?

Tips. An ACH credit refers to an electronic financial deposit from one bank to another. Examples include the direct deposits for any government benefits, tax refunds or earnings you receive and for certain tax payments you might make.

What ACH payment means?

Automated Clearing House
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH credit transfers include direct deposit, payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills.

How does an ACH payment work?

ACH transactions are processed in two ways, credits and debits. That entry is then sent to the consumer’s bank—which then debits the account for the amount due—and sends a credit to the lender’s bank account. The ACH credit process is most commonly used by employers to deposit payroll directly into a bank account.

What is SSA Treasury 310?

SSA 310 is just a general treasury department code. As to why the SSA took money out of your account, you will have to contact the SSA directly and ask. They can be reached at 800-772-1213.

What is IRS Treasury 310 tax refund?

IRS Treas 310 is a normal ACH direct deposit refund from a filed tax return, where there have been no offsets to the amount of the refund.

What is a SSA Treasury 310 check?

A checking account deposit with SSA TREAS 310 XXSOC SEC text is a Social Security payment deposited by the Kansas City Financial Center.