How does Electronic Funds Transfer (EFT) work?
EFT is one of the options that you can use to make payments to The Hartford. You can enroll in a monthly EFT plan so that premium payments are withdrawn from your bank account monthly, or make a One-Time EFT payment. To enroll, you will need the following: • The bank’s ABA number, also known as the routing number. (This number is printed on your checks, or your bank can provide you with this number.) • The bank account type (must be checking or savings). • Your bank account number. • The account holder’s name. The funds will be electronically transferred from your bank to The Hartford. For One-Time EFT, the funds will be transferred within 24 hours unless a future transfer date is expressly offered and selected. For monthly EFT and One-Time EFT with specific future transfer dates, the funds will be transferred on the dates specified.
