The FRBKC relies on SSA to provide the complete bank data to ensure correct posting
of payments to a customer’s account. If the information is incomplete, the FRBKC rejects
the payment and returns the funds to SSA. When establishing or changing IDD bank data
for El Salvador, you can use an SSA system (i.e., Modernized Claims System (MCS),
Manual Adjustment Credit and Award Data Entry (MACADE), etc.). However, you must go
to ITS.gov to enter the following information:
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first and last name of the beneficiary;
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Society for Worldwide Internet Financial Telecommunication-Business Identifier Code
(SWIFT-BIC).
1. SWIFT-BIC code obtained from the FI
The SWIFT code contains a minimum of 8 characters and a maximum of 11 characters:
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First four characters - bank code (only letters);
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Next two characters - ISO 3166-1 alpha-two country code (only letters);
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Next two characters - location code (letters and digits) (passive participant have
"1" in the second character); and
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Last three characters - branch code, optional ('XXX' for primary office) (letters
and digits).
2. Initial award processing
If you are working on an initial award, you must update ITS.gov using the bank account information prior to processing the award to ensure that the
beneficiary receives his or her payment. If the complete bank account information
is not in ITS.gov when the payment processes, the payment rejects and returns to SSA.
3. Adding or updating bank data using SSA systems
You must update ITS.gov on the same day if you use an SSA system to add or update bank data on the MBR (i.e.
Post Entitlement Online System (POS), MACADE, etc.). Enter all POS direct deposit
changes according to normal procedures. When coding IDD bank data in an SSA system
for El Salvador within four business days of the current operational month (COM) cutoff
date, use the procedure outlined in the following chart:
| STEP |
ACTION |
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1
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Are you coding an initial claim?
If yes, go to step 3.
If no, go to step 2.
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| 2 |
Is the beneficiary's address on the MBR in a foreign country (PCOC = 8)?
If no, STOP.
REASON: The MBR does not accept the IDD information unless the address is in a foreign
country.
If yes, go to step 3.
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| 3 |
Is the beneficiary's account a USD in El Salvador?
If no, STOP.
REASON: Beneficiaries in El Salvador can only receive IDD payments in USD accounts.
If yes, go to step 4
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| 4 |
The RTN is 720000050 for all IDD to El Salvador. SSA and FRBKC have designated “72”
as the multi-country prefix for El Salvador IDD. The “0” at the end of the RTN represents
the U.S. check digit code for all IDD accounts in El Salvador. Therefore, there is
no need to obtain the check digit code from Title II Interactive Comps.
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Code the Type of Account as an “S” for savings or a “C” for checking. If no indicated
account type, use a “C” for checking account.
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To code the Depositor Account Number (DAN) for El Salvador, code as follows:
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Start with a country code of “D” designated for El Salvador
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Code up to 16 characters of the 20-digit Customer Account Number.
NOTE: The full Customer Account Number can contain up to 20 characters, see step 7.
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| 7 |
You must take action on the same business day to enter the full Customer Account Number
and full SWIFT and IBAN into ITS.gov along with the information listed in the introduction of GN 02402.418F in this section.
If you do not have access to ITS.gov, ask a co-worker who has access to update the required information into ITS.gov. FRBKC will need all of this information in order to process the IDD payment. When
this information is not available, FRBKC will reject the payment and return it to
SSA.
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