When will Electronic Funds Transfer (EFT) be required by the government?
A. Initially, federal payments were required to be made by EFT as of January 2, 1999 in compliance with the Debt Collection Improvement Act of 1996. While this deadline has been extended, we fully anticipate it going into action at any time. OPM has providing a listing of federal payroll offices to all PCFO’s. It is the PCFO’s responsibility to forward their EFT information to the appropriate payroll offices. The PCFO MUST provide payroll offices with their EFT information or they WILL NOT receive their pledges.
