Electronic Funds Transfer (EFT) is a method used by financial institutions to move money from a taxpayer's account into the state's account, eliminating the use of paper checks. This is initiated through the use of the Automated Clearing House system.
Legislation mandates that certain Corporation taxpayers meeting specific criteria remit all payments by EFT. Legislation also mandates that if a Corporation does not meet the specific criteria; they may elect to voluntarily participate in the EFT program.
To obtain more information on the EFT requirements, you will need to read publication 3817, Electronic Funds Transfer Information Guide. You can download FTB Publication 3817 from our Forms and Publications page. If you would like assistance regarding EFT, please call the EFT Unit at (916) 845-4025 Monday through Friday 8 a.m. until 5 p.m.