Electronic Funds Transfer (EFT) Payment Enrollment Form 2025

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The Electronic Funds Transfer Authorization Form contains a form that may be used to gather information from your employees that is needed to establish an electronic funds transfer program.
What is an EFT? Electronic funds transfers (EFTs) are transactions that move funds electronically between different financial institutions, bank accounts, or individuals. EFTs are frequently referred to as electronic bank transfers, e-checks, or electronic payments.
Use this form to enroll in Direct Deposit of your federal payment from the General Services Administration.
Because EFT is an umbrella term, it covers a broad range of payments, including telephone-based transfers, computer-based transfers (i.e., online), ATM transfers, Direct Debit, bank transfers, point-of-sale transfers, e-checks, and so on.
In order to receive an EFT, you need to share your banking details with the person sending you one, including your institution number, your branch number and account number, and your transit number.