| Electronic Funds Transfer (EFT) allows your financial institution to deposit your Medicare payments into accounts designated by you. There is no charge by Medicare for this service. These deposits will appear on your bank statements. Medicare does not use EFT to withdraw money from your account. EFT will: Allow quicker receipt of your payments, Avoid the possibility of your checks being lost or delayed in the mail, Increase security for your office (paper checks can be stolen), Allow savings in Medicare dollars for paper, printing, and postage. If you are interested in receiving your payments electronically, you will need to complete an EFT application form. In addition to the application, you must include a voided check. This will ensure that we have the correct American Banking Association (ABA) number. Your application cannot be processed without the voided check. To obtain the application, go to
http://www.PalmettoGBA.com/boh
for Ohio and http://www.PalmettoGBA.com/bwv
for West Virginia, and then click on forms. The application is under Electronic Funds Transfer (EFT) Registration Form.
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