Introduction to Direct Deposit
Prohibition on International Payments
The Comptroller’s office does not participate in International ACH Transactions (IATs). Direct deposit payments are restricted to domestic financial institutions.
According to the Prohibition on Direct Deposit to Financial Institutions Outside the United States, agencies are responsible for guarding against direct deposit payments they issue through U.S. financial institutions being transferred to financial institutions outside the United States.
Each paying agency must practice due diligence to determine the ultimate destination of payments issued by direct deposit:
- Know your customer.
- Make sure the payee completes the International Payments Verification section on the DirectDeposit Authorization form (74-176) form or on your agency’s self-service application (if applicable).
- Make sure the payee completes the ACH (Direct Deposit) Payment Destination Confirmation form (74-227) or on your agency’s self-service application (if applicable).
- Monitor the
IAT INDfield in TINS.
For a helpful introduction to this requirement, see the IAT and TINS IAT Indicator Tutorial.