Taking advantage of Electronic Funds Transfer (EFT) will provide immediate cash-flow benefits by having immediate access to funds when the Treasury transfers funds into your Institution’s account. You will no longer need to worry about lost, stolen or delayed checks. With EFT, payments can be traced immediately, thereby reducing the time you might spend tracing lost payments. In addition, as a federal agency, the Corporation for National Community Service is required to comply with legislation requiring use of EFT rather than paper checks to disburse U.S. government funds and asks that all partner institutions also convert to EFT to comply with the law.
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How do I sign my institution up for EFT?