EFT is required for loans, withdrawals, and one-time payments such as refunds. It is best to have your EFT account set up in advance, before you apply for loans or withdrawals. Establishing or changing an EFT account can delay the processing of loans and withdrawals.

For retirees, monthly benefit payments (i.e., retirement allowance and, if applicable, annuity payments under the TDA Program) are also paid electronically.