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Are there safeguards to prevent the department or others from initiating incorrect payments?

April 26, 2017Department initiating PAYMENTS safeguards

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Are there safeguards to prevent the department or others from initiating incorrect payments?

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Yes. The Treasurer of State will initiate a transaction with the taxpayer’s bank only after receiving instructions from a financial institution. The two banks will not initiate an ACH Debit without the taxpayer’s identification number (BIN) and the taxpayer’s personal identification number (PIN).