UnknownCharges

ACH Standard Entry Class (SEC) Code

What does IAT mean on a bank statement?

IAT

· Evidence review pending · Content revised

08/05 DEEL INC IAT PAYROLL UK $45.20

Illustrative entry. The example date and amount do not establish your bank’s format or a real transaction.

Plain-English Definition

Registry label for IAT: International ACH Transaction. Unreviewed registry note: IAT designates cross-border ACH payments that involve a financial institution outside the territorial jurisdiction of the United States.

Important: What this code is NOT

Unreviewed registry note: IAT is not an international roaming fee, foreign exchange surcharge, or bank penalty. It is an indicator that the initiating or receiving party's bank is located overseas.

Understanding IAT (International ACH Transaction)

Unreviewed registry note: IAT (International ACH Transaction) was established by Nacha in cooperation with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) to identify inbound and outbound international funds transfers.

Unreviewed registry note: Whenever money enters or leaves the U.S. ACH network involving a foreign bank, the transaction must carry the IAT SEC code along with specialized remittance and originator identification fields.

Find the transaction details

Read the complete entry and its direction before looking for a company. A code may describe a deposit, payment type or status; it does not necessarily identify a purchase:

  1. Step 1 Unreviewed registry note: Check the originator name and foreign location listed in the extended description lines of the IAT transaction.
  2. Step 2 Unreviewed registry note: Verify foreign vendor purchases, overseas family remittances, cross-border freelance income (e.g., from Upwork, Deel, or foreign payroll), or international subscription services.
  3. Step 3 Unreviewed registry note: Ask your bank's wire/ACH operations department for the full IAT addenda record, which contains the originator's full street address and foreign banking details.

Example statement lines

These are lookup illustrations. Bank layouts vary, and an example does not establish a particular originator or authorization:

  • DEEL INC IAT PAYROLL UK
  • WISE PAYMENTS IAT REMIT
  • AIRBNB PAYMENTS IAT IRELAND
  • PAYONEER INC IAT XFER

Questions about IAT

What does IAT stand for on a bank statement?

Registry label for IAT: International ACH Transaction. Unreviewed registry note: IAT designates cross-border ACH payments that involve a financial institution outside the territorial jurisdiction of the United States.

Is IAT the name of a company?

Unreviewed registry note: IAT is not an international roaming fee, foreign exchange surcharge, or bank penalty. It is an indicator that the initiating or receiving party's bank is located overseas.

How can I find the originator or merchant for a IAT entry?

Unreviewed registry note: Check the originator name and foreign location listed in the extended description lines of the IAT transaction. Unreviewed registry note: Verify foreign vendor purchases, overseas family remittances, cross-border freelance income (e.g., from Upwork, Deel, or foreign payroll), or international subscription services. Unreviewed registry note: Ask your bank's wire/ACH operations department for the full IAT addenda record, which contains the originator's full street address and foreign banking details.

Source references

These references accompany this entry. A claim-level evidence review is pending; a citation alone does not verify every statement.