Washington – Electronic Funds Transfer Program

SALT Report 1370 – The Washington Department of Revenue has updated their publication regarding electronic funds transfer (EFT) options.  EFT is mandatory for all taxpayers that have an excise tax liability of $240,000 or more, however other taxpayers may voluntarily pay by EFT.

EFT Debit and Electronic Filing Users

As an EFT debit user, you can initiate your payment anytime during the month and set a future effective date for payment. The transaction must be completed no later than 11:59 p.m. Pacific Time on the E-file return due date listed below. If the payment is completed after these times, it will be late.

EFT Credit Users

Banks generally have their own guidelines for EFT transactions. EFT credit users are responsible for contacting their bank to ensure funds are deposited in the state’s bank no later than 5:00 p.m. Pacific Time on the payment due date.

If you are an EFT debit user, you cannot set the effective date for the same day you are initiating a transaction.  If you’re debiting account or EFT contact information changes, you may update the authorization form on the DOR web site at dor.wa.gov, by signing in to My account. The Department will only accept Fed wires in case of an emergency. You must contact an EFT representative and give your tax registration number and amount of payment prior to sending a Fed wire.

For Further Information:

Washington Department of Revenue – Electronic Funds Transfer Program