Electronic Funds Transfer

Under recent law, the government is legally mandated to use Electronic Funds Transfer (EFT) for all contract payments. Therefore, all registrants must complete this section. (There are exceptions: foreign vendors doing business outside the United States, utility companies, and government agencies do not have to supply this information.)

If you need help with the required information, your bank or financial institution should be able to help you. If you are unsure as to whether your registration requires EFT information, call the Registration Assistance Center at (888) 227-2423 or (269) 961-4725 internationally.

Work Smart Effective Fall 2003, payments by all federal agencies to government contractors will be made on the basis of electronic funds transfer (EFT) information contained in CCR. This means that all firms doing business with the federal government will have to be registered in CCR in order to be paid. If you let your registration lapse (i.e., fail to renew it) or if you cancel your registration, all payments, if ones are being made, will cease. A company must remain active in CCR until all payments are made to avoid discontinuation.

Financial Institution: Provide the name of the bank that you use for business banking purposes.

ABA Routing Number: The ABA Routing Number is the American Banking Association's 9-digit routing transit number for your financial institution. You can obtain the routing number by contacting your financial institution or you may find it on one of your checks. It usually appears as the first nine digits in the lower left-hand corner.

Account Number, Type, & Lock Box Number: Enter the account number to which you want your EFT payments deposited and check the proper box to indicate whether it is a checking or savings account. If you prefer to use a lock box service, enter the appropriate account number in the space provided. If you use a lock box for your banking purposes, you must also check "checking" under account type.

Automated Clearing House: Enter the appropriate contact information for your bank's Automated Clearing House (ACH) coordinator. The ACH will serve as the contact if problems occur with your EFT transfer. Note that e-mail addresses requested under the contact entries refer to Internet e-mail addresses, not local area network e-mail addresses within your office.

Work Smart When entering the phone numbers on the CCR web site, enter the numbers only, not dashes or parentheses. (Example: 9995551212, not (999) 555-1212)

Remittance Information: Enter the address where you would like a paper check mailed in the event that an EFT transfer does not work. On the name line, enter to whom the check should be mailed and fill in the appropriate information. If you use a lock box and want checks mailed directly to the bank, enter the bank name and address here.

Credit Card Information: Does your company accept credit cards for payment? This is a yes or no question.