What Is the EFT Requirement for Education Benefits?

What Is the EFT Requirement for Education Benefits?

In June 2014, VA Form 22-1990 Application for VA Education Benefits was updated with the following information:

“The Department of Treasury requires all Federal benefit payments be made by electronic funds transfer (EFT), also called direct deposit (Direct Deposit is not available for Chapter 32 recipients1.) Please attach a voided personal check or deposit slip or provide the information requested below to enroll in direct deposit.  If you do not have a bank account, you must receive your payment through Direct Express Debit MasterCard. To request a Direct Express Debit MasterCard you must apply at www.usdirectexpress.com or by telephone at 1-800-333-1795. If you elect not to enroll, you must contact representatives handling waiver requests for the Department of Treasury at 1-888-224-2950. They will address any questions or concerns you may have and encourage your participation in EFT.”1

        Chapter 32 recipients are those who are receiving education benefits under the Post-Vietnam Era Veterans’ Educational Assistance Program (VEAP).