What Does SSI TREAS 310 XXSUPP SEC Mean?
Understand the meaning of specific, often confusing, financial descriptors found on your bank statements. Get clear explanations.
The descriptor ‘SSI TREAS 310 XXSUPP SEC’ on a bank statement indicates a direct deposit from the federal government. This typically represents a payment for Supplemental Security Income (SSI).
Understanding Each Component
The first part of the descriptor, “SSI,” stands for Supplemental Security Income. This is a federal income supplement program administered by the Social Security Administration (SSA) for individuals with limited income and resources. SSI is designed to assist aged, blind, or disabled people, including children, who meet the program’s financial criteria. Unlike Social Security benefits, SSI is not funded by Social Security taxes but by general tax revenues of the U.S. Treasury.
The term “TREAS” signifies the U.S. Treasury, indicating that the payment originates from the federal government. All federal payments are disbursed through the Treasury Department. Following “TREAS” is the numeric code “310,” a standard transaction code used by the Treasury to denote a direct deposit payment. It confirms that the funds were electronically transferred directly into the recipient’s bank account, rather than being issued as a physical check. The final component, “XXSUPP SEC,” is an abbreviation representing “Supplemental Security,” confirming its connection to the Supplemental Security Income program.
The Meaning of the Full Description
The descriptor ‘SSI TREAS 310 XXSUPP SEC’ on a bank statement signifies a direct deposit of Supplemental Security Income from the U.S. Treasury. This payment is a regular, scheduled benefit for eligible recipients. While both SSI and Social Security benefits are administered by the Social Security Administration, their funding and eligibility requirements differ. Social Security benefits are an earned entitlement based on work history and taxes paid. In contrast, SSI is a needs-based program funded by general tax revenues, and eligibility does not depend on prior employment or tax contributions.
What to Do If You Have Questions
If you see an “SSI TREAS 310 XXSUPP SEC” deposit on your bank statement and have questions, the primary point of contact is the Social Security Administration (SSA). It is advisable to first review your official award letter or payment schedule from the SSA to confirm the expected payment dates and amounts. This can help you determine if the received amount aligns with your anticipated benefits.
Should the payment be unexpected, or if the amount differs from what you anticipated, you should contact the Social Security Administration directly. The SSA can provide specific details regarding the payment, including the reason for the deposit and any adjustments made. You can reach the SSA by visiting their official website, SSA.gov, or by calling their national toll-free number at 1-800-772-1213. While your bank can confirm that a transaction occurred, they cannot explain the reason for the payment, as that information resides solely with the SSA.