Under the EFT system, funds are deposited in your account on the day the payment is issued. Monthly benefit payments, withdrawals, and other distributions are generally issued by the last day of each month. In order for a loan payment to be forwarded to your account via EFT by a given Friday, TRS must generally receive your loan application by the close of business on Wednesday of the preceding week. All payments deposited via EFT are available for immediate withdrawal.