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Completing the Medicare Enrollment Application - Electronic Funds Transfer (EFT) Authorization Agreement (CMS-588) application. The Electronic Funds Transfer (EFT) Authorization Agreement (CMS-588) application is used to have your Medicare payments deposited directly into your bank account.
What is an EFT authorization form?
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 enrollment form?
Use this form to enroll in Direct Deposit of your federal payment from the General Services Administration.
What does an EFT contract spell out?
Electronic funds transfer (EFT) is a transfer of funds is initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumers account.
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