U.S. Department of Veterans Affairs

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The U.S. Department of Veterans Affairs (VA) is a federal agency that provides benefits and services to eligible military veterans, including disability compensation, pensions, healthcare, education assistance, and other support programs.

Washington, DC
va.gov
Owned by United States Federal Government

About U.S. Department of Veterans Affairs

This descriptor indicates a payment from the U.S. Department of Veterans Affairs (VA), processed through the U.S. Department of the Treasury. Codes like “VA BENEF,” “VACP TREAS 310,” and “VA COMPENSATION” are standard banking/ACH descriptors for VA Compensation and Pension (VACP) benefits. These payments typically relate to disability compensation, pension benefits, or related entitlements owed to an eligible veteran or beneficiary. The date range in the descriptor (e.g., “05/01/26-05/31/26”) usually denotes the benefit period covered by the payment.

Such a transaction would appear on a bank or credit union statement as an incoming ACH deposit rather than a card purchase or debit, and it represents money being paid to you—not a charge. You might see this if you are receiving monthly VA disability compensation, pension payments, or certain other VA-administered benefits. The reference information (e.g., “REF*48*”) and personal name (e.g., “THOMAS WALSH”) help the agencies and the bank identify the recipient and payment record.

If you have questions about this payment—such as the amount, effective date, or what benefit it corresponds to—you should log into your VA.gov account and check your Disability or Pension benefit payment history, or contact the VA directly. For banking issues (e.g., deposit not received, partial deposit, or routing/account errors), contact your financial institution first and then VA if needed. Always keep your award letters and online VA benefit summaries, as they detail your approved rates and payment schedules, which you can compare against the amounts shown on your statements.

Bank Statement Variations

1 known variations

These are the raw merchant codes that appear on bank and credit card statements that we've identified as belonging to U.S. Department of Veterans Affairs.

  1. XXVA BENEF VACP TREAS 310 PPD THOMAS WALSH REF*48*VA COMPENSATION *05/01/26-05/31/26 \

Frequently Asked Questions

What does the descriptor “VACP TREAS 310 VA COMPENSATION” mean on my bank statement?

This descriptor indicates an ACH direct deposit from the U.S. Department of Veterans Affairs, processed by the U.S. Department of the Treasury. “VACP” stands for VA Compensation and Pension, and “TREAS 310” is a Treasury code for an electronic payment, typically disability compensation or pension benefits.

Is this a charge to my account or a payment to me?

This entry represents a deposit (money coming into your account), not a debit or credit card charge. It is a federal benefits payment from the VA, usually monthly compensation or pension, for the benefit period shown in the descriptor.

How can I confirm exactly what this VA payment is for and how the amount was calculated?

Sign in to your account at va.gov and view your disability or pension benefit details and payment history. There you can see your current rating, monthly entitlement, and any withholdings or offsets that explain the net deposit amount. You can also compare it with your most recent VA award or benefit letter.

The deposit amount is different from what I expected. What should I do?

First, review your recent VA correspondence and online benefit summary to check for rating changes, cost-of-living adjustments, retroactive payments, or withholdings (such as apportionments or debt collections). If it still doesn’t match your expectations, contact the VA at the phone number listed on va.gov (typically the VA benefits hotline) and have your Social Security number or VA file number and recent statement handy.

Why does the transaction show a date range like “05/01/26-05/31/26”?

The date range in the description usually reflects the benefit period that the payment covers—for example, VA compensation for the month of May. The actual deposit date might be at the beginning of the following month, but the range indicates which month’s entitlement is being paid.

How do I change the bank account where my VA compensation is deposited?

You can update your direct deposit information by logging into va.gov, navigating to your profile or benefits section, and editing your direct deposit details. You may also call the VA benefits hotline if you cannot update it online. Changes can take a payment cycle to become effective, so verify on your next statement that the deposit went to the new account.

What should I do if I believe a VA benefits payment is missing or was not deposited?

First, confirm with your bank or credit union that no pending or returned ACH deposit exists for the expected date. If the payment is not showing, contact the VA benefits hotline and report a missing payment; they can trace the deposit through the Treasury system and verify your direct deposit information. Be prepared to provide your bank’s routing and account number and recent statement details.

Can the VA or Treasury temporarily place holds or reversals on these deposits?

In normal circumstances, VA compensation and pension payments are deposited as final funds, and your bank generally makes them available according to its funds availability policy. However, if there is an error, incorrect account information, or a legal requirement (such as certain garnishments or debt collections), adjustments or recalls can occur. For any hold or reversal questions, contact your bank first, then the VA if the bank indicates the issue originated with the payment itself.

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