Is EFT available for payments other than retirement benefits?
EFT is required for loans, withdrawals, and one-time payments such as refunds.
In general, distributions such as loans, withdrawals, and Required Minimum Distributions (RMDs) would be made via EFT to the same account where you receive your retirement allowance payments.
TRS recommends that you set up your EFT account before you want to apply for a loan or withdrawal. It generally takes at least 21 days to establish an EFT account, so payment of a loan or withdrawal may be delayed if an EFT account is not established in advance.