Resources

Funding and Disbursements


Electronic Funds Transfer (EFT)


(Updated June, 2013)



EFT Memorandum

 PDF format

Electronic Funds Transfer sends payments directly to your entity or agency’s bank account. Payments can be tracked through our FRIS Inquiry website at http://webprod1.isbe.net/FRISInquiry/, Payment Information. The features/benefits are:

Enrollment

—  Please contact the Office of the Comptroller http://www.ioc.state.il.us/index.cfm/departments/electronic-commerce/ or phone (217) 557-0930. 

Bank Arrangements

— Contact the bank or financial institution of your choice and discuss their electronic service capabilities. Arrangements should be made with your bank on when and how you will be notified of the deposit and addendum record. This notification may be in the form of a telephone call from the bank, a credit slip either faxed or mailed, or a computerized communication as soon as the deposit is made.

Addendum Record

— The addendum record transmitted with each deposit identifies the program being paid. This is extremely important to avoid delays in identifying and accessing payments. The addendum record includes the project year, revenue code, voucher number, voucher date, amount and other pertinent information.

Questions:


Lilia Espinosa-Speta
Dara Strode
Funding and Disbursement Services Division
217/782-5256