Form SSA-1199. International Direct Deposit (IDD) (Canada)
Form SSA-1199 is used to set up International Direct Deposit (IDD) for individuals receiving Social Security benefits while residing in Canada. Its primary purpose is to authorize direct deposit of Social Security payments into a bank account in Canada, simplifying the payment process for recipients.
For U.S. citizens living in Canada and receiving Social Security benefits, this form allows them to set up international direct deposit to a Canadian bank. The purpose is to make it more convenient for beneficiaries to access their funds while residing in Canada and avoid delays or issues associated with receiving paper checks.
The parties involved include U.S. citizens receiving Social Security benefits and financial institutions in Canada. The form consists of sections for the beneficiary's information, banking details, and the authorization of direct deposit. Providing accurate banking information is essential to ensure smooth and reliable payment.