TRS must verify and validate the bank account information you provide on your EFT election. Withdrawals, loans, and other one-time payments can be made to the new account no less than 21 days after TRS receives your election. For monthly benefit payments, it may take 30-60 days before the new account can receive the payments.

Before your EFT begins, TRS will send you a letter confirming the type of account (i.e., checking or savings), account number, transit routing number, and the financial institution to which payments are to be deposited. The letter will be posted in the secure section of our website (in the Documents section) before you receive it in the mail.