GN 02402.336: Coding St. Kitts and Nevis Bank Data for the MBR
Effective Dates: 07/19/2016 - Present
- TN 31 (01-08)
- GN 02402.336 Coding St. Kitts and Nevis Bank Data for the MBR
- A. Introduction
- 1. Coding St. Kitts and Nevis Bank Data
- This section describes how to code bank data for direct deposit of Title II benefits to a financial institution (FI) in St. Kitts and Nevis. The bank data will be stored on the MBR in the same fields as are used for U.S. direct deposit. Special coding identifies the data as St. Kitts and Nevis International Direct Deposit (IDD) and allows benefit payments to be routed through the Federal Reserve Bank of Kansas City (FRBKC) and Citibank to the beneficiary's FI in St. Kitts and Nevis.
- NOTE: U.S. domestic (i.e., non-border) field offices (FOs) should not attempt to process an IDD request for this country. U.S. domestic FOs must forward all appropriate information to the Office of Earnings and International Operations, Division of International Operations (OEIO, DIO) for processing (For more information on forwarding IDD information, see GN 02402.205C, GN 01010.255, and GN 01702.310C).
- 2. Where to Obtain Data
- The data for coding may come from a check, a signup form for St. Kitts and Nevis (see GN 02402.336E.), or the equivalent information received by mail, phone, fax, or e-mail.
NOTE: If upon receipt of the information, there are any discrepancies, follow instructions in GN 00203.020 and GN 02402.025.
- 3. Multi-Country Contract
- Citibank is the processor bank for IDD to several countries, including St. Kitts and Nevis. All Caribbean countries for which Citibank is the processor bank have a prefix of 70 at the beginning of the routing number (RTN) and an assigned letter in the first position of the Depositor Account Number (DAN). The letter assigned for St. Kitts and Nevis is “T.”
- B. Description - St. Kitts and Nevis Bank Data
- St. Kitts and Nevis bank data consists of a total of up to 21 digits, as follows:
- * A Bank/Branch Code of 9 digits (a zero, a 3-digit Bank Code, and a 5-digit Branch Code).
- * An account number of up to 12 characters.
- * On the signup form, the Bank Code and Branch/Transit Code will be the first 9 digits. The Account Number of up to 12 digits will follow.
- C. Procedure
- Use this procedure to code direct deposit of Title II benefits to an FI in St. Kitts and Nevis.
- * Are you coding an initial claim?
- * If yes, go to step 3.
- * If no, go to step 2.
- * Is the beneficiary's address on the MBR in a foreign country (PCOC = 8)? If no, STOP.
- REASON: The MBR will not accept IDD information (RTN begins with 5, 6, or 7) unless the address is in a foreign country.
- * Is the beneficiary's account a U.S. dollar account at an FI in St. Kitts and Nevis? If yes, STOP.
- REASON: IDD payments to St. Kitts and Nevis are sent in local currency, not U.S. dollars. The account must be a local currency account (Eastern Caribbean dollars).
- * Code the type of account as Checking
- * Code the Routing and Transit Number field as follows:
- * Start with 70, the prefix assigned to countries for which Citibank is the processor bank.
- * Code a zero, the 3-digit Bank Code, and the first 2 digits of the 5-digit Branch/Transit Code.
- * Code the U.S. check digit. Obtain the U.S. check digit by using the Check Digit program on Title II/Interactive Comps.
- * Code the Depositor Account Number as follows:
- * Start with T, the letter assigned to show that the FI is in St. Kitts and Nevis.
- * Code the account number of up to 12 digits. Do not code any hyphens.
- D. Example
- A signup form for St. Kitts and Nevis contains the following information:
- Bank Code 0234. Branch /Transit Code 12345. Account Number 123456789.
- * The RTN will be 700234121. (The final digit, 1, is the U.S. check digit for 70023412.)
- * The DAN will be T345123456789.
- E. Exhibit - IDD Enrollment Form for St. Kitts and Nevis
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