Why pay by EFT instead of check?
You may make your EFT Internet payment up to 45 business days in the future. Making your payment now allows you to make your payment in advance but not have the funds taken out of your account until the actual tax due date. Making your payment by EFT insures that the UI will receive the money on the day you specify when making your payment. You save money on postage and don’t have to worry about the payment getting lost in the mail and incurring penalties. Remember that making an EFT payment with a future settlement date of payment does not relieve you of meeting your tax liability due date. Payments made after the tax due date will result in interest being assessed on the tax due and could effect your next years UI Tax Rate.
You may make your EFT Internet payment up to 365 calendar days in the future. Making your payment now allows you to make your payment in advance but not have the funds taken out of your account until the actual tax due date. Making your payment by EFT insures that the UI will receive the money on the day you specify when making your payment. You save money on postage and don’t have to worry about the payment getting lost in the mail and incurring penalties. Remember that making an EFT payment with a future settlement date of payment does not relieve you of meeting your tax liability due date. Payments made after the tax due date will result in interest being assessed on the tax due and could effect your next years UI Tax Rate.
