Electronic Funds Transfer (EFT) for Banks and Corporations
Attention: Effective July 1, 2009, the bank and processor changed for our Corporate EFT Program. For more information, see corporate EFT bank and vendor transition.
FTB's EFT program provides a faster, more efficient method of paying taxes for banks and corporations. EFT allows financial institutions to transfer money from your bank account to the state's bank account electronically, eliminating the use of paper checks.
Banks and corporations must use EFT if their quarterly estimated tax payment or extension payment exceeds $20,000 or if their total tax liability exceeds $80,000. Once a corporation remits a payment that meets the criteria for mandatory participation, we will notify the corporation that all future payments must be made via EFT.
Banks and corporations may voluntarily remit payments by EFT after contacting FTB and receiving approval. To receive approval, the Authorization Agreement for Electronic Funds Transfer (FTB 3815) must be completed and returned to FTB.
The payment options available are the Automated Clearing House (ACH) Debit, ACH Credit, and Fedwire. Fedwire payments are for emergency purposes only.
ACH Debit - The ACH Debit method allows you to transfer funds by instructing the state to electronically debit a bank account you control for the amount you report to the state's data collector. You can authorize the debit via the phone or Internet.
ACH Credit - The ACH Credit method allows you to transfer funds by instructing your financial institution to debit your account and credit the state's bank account.
After you select your payment option, complete the Authorization Agreement for Electronic Funds Transfer (FTB 3815) and return it to FTB. If you decide to change your payment option, complete and send FTB a new authorization agreement.
- EFT - Frequently Asked Questions
- Election to Discontinue or Waiver Request (FTB 3816) - Use this form to request a waiver from the mandatory EFT requirement or if you are electing to discontinue payment by EFT because you did not meet the threshold amounts for the prior year.
- Phone: 916.845.4025 (Available between 8 a.m. and 5 p.m. Pacific Time)
- Fax: 916.855-5556
FRANCHISE TAX BOARD
e-PROGRAMS CUSTOMER SERVICE UNIT
PO BOX 1468
SACRAMENTO, CA 95812-1468