State Of Alaska Electronic Payment Agreement
The seller completes the „Electronic Payment Contract“ form, a signed document authorizing the State of Alaska to make electronic payments directly to the lender`s bank account. It contains the information needed for the payment transaction, such as a bank account number. B, information about the Addenda format (i.e. transfer instructions), contact names, phone numbers, etc. In addition, the State of Alaska is authorized to initiate positions and adjustments for all defective assets on the creditor`s account. You may receive calls from some of the suppliers you work with on a regular basis. We encourage you to support the university`s efforts to turn suppliers into an electronic payment option in two ways: 1. Encourage them to register in direct contact with your suppliers, register for the SUA or a direct deposit; and two. Respect the payment terms your creditors have chosen when authorizing them to pay the bills. Your help will be faster and more fluid, and we appreciate it! For a current account, you`ll find this number at the bottom left of the cheque as a 9-digit number, right next to your account number (see illustration below). This number does not appear on a savings document. If you want your payments to be deposited into your savings account, call your bank for the ABA/RTN.
Payment Reference ID Search: We send the payment reference ID number to your bank so you can find it on your statement. The payment reference ID number is 16 digits long, usually followed by additional numbers. The Automated Clearing House (ACH) is a money transfer system that is subject to POSTA rules and provides interbank clearing of electronic items for financial institutions. Find the paid date: Use the payment date to search for your EOP before depositing money into your account. If you have any questions about electronic payments, please call (907) 465-5555 or email us. The payment is deposited on the first working day into the creditor`s account, with the exception of weekends and public holidays, after transmission by the state. This is two working days after the payment is processed in the state`s accounting system. For example, if the payment is processed on Monday, the payment will be sent on Tuesday and then deposited on Wednesday. If the state has processed a payment on Friday, and Monday is a public holiday, the payment is sent on Tuesday and then deposited on Wednesday.
If your bank account information changes and you want your electronic payments to be deposited into the new account, fill out a new electronic payment agreement form, select „Edit“ in the „Edit“ section in the „Edit“ section and send or fax the form. Online, instead of paper EOPs: EfT registration automatically disables your paper payment return (EOPs) for all premera companies and associated companies (except FEP and Shared Administration). After check-in, you`ll only have online access to your EOPs. The National Automated Clearing House Association (NACHA) develops and establishes standards for certain types of electronic remittances. The public banking institution receives electronic payment information for the state and converts the information into ACH entries. These entries are then transmitted electronically to an ACH operator, a central clearing body for ACH entries. The ACH operator processes the items received by the state bank and transfers them to the lender`s financial institution. We are streamlining our credit settlement process by switching from paper cheques to electronic payments. This change will benefit creditors as delays in e-mail processing, cheque processing and other related fees will be eliminated.
