Direct Payment of Preauthorized Debits
The National Finance Center (NFC), Direct Premium Remittance System debits from your account only after you, the remitter, have authorized it. Preauthorized Debits let NFC collect payments automatically on a predetermined date. Checks are a thing of the past when you make the move to preauthorized debits. With the safety and security of electronic transfer of funds, you have the guarantee that your payment will be made, not lost in the mail.
Benefits
- Eliminates the need to write checks
- Helps establish excellent payment and credit record Cost Savings
- Saves postage expense
- Greater Security
- Provides for timely payments
- Eliminates lost checks
- Benefits for the Agency Cost Savings
- Reduces postage expense
- Cuts personnel time for processing remittances manually
- Paper Elimination
- Reduces paper needed for billing
- Precludes reminder notices
- Eliminates paper check handling
- Cash Management Improvement
- Accelerates availability of funds
- Improves internal controls
- Provides better cash management forecasting
Interested?
If you wish to enroll, please fill out form NFC-1321. Complete form NFC-1321 and return it with a voided check or savings account deposit ticket to:
USDA, National Finance Center
DPRS Billing Unit
P.O. Box 61760
New Orleans, LA 70161-1760
If you have any questions, please call us at: 1-800-242-9630.