PURPOSE: This rule describes the requirements established to allow vendors on the Statewide Vendor File to participate in the direct deposit of vendor payments.

AGENCY NOTE: This rule is used in conjunction with 15 CSR 50-3, Unclaimed Property.

1. (1) Vendors on the Statewide Vendor File desiring to participate in the state’s direct deposit program must complete a vendor Automated Clearing House/Electronic Funds Transfer (ACH/EFT) Application. The application is available on the web at www.oa.mo.gov/acct under Forms. The form is also available by contacting the Office of Administration, Division of Accounting at
2. (573) 751-2971. The completed application authorizes the Office of Administration to deposit (credit) a vendor’s designated checking or savings account for the amount of a required payment. It also authorizes a vendor’s account to be debited only when an error has occurred resulting in an erroneous payment to the vendor.
3. (2) Direct deposit of vendor payments will begin following the submission of a properly completed application form to the Office of Administration, Division of Accounting, the successful processing of a test transaction through the banking system and the election by a state agency to make payment to a participating vendor using the direct deposit option.
4. (3) The state will conduct vendor direct deposit through the automated clearing house system, utilizing an originating depository financial institution. The rules of the National Automated Clearing House Association and its member local Automated Clearing House Associations shall apply, as limited or modified by law.

AUTHORITY: section 33.155, RSMo 2000.* Emergency rule filed Aug. 25, 1992, effective Oct. 1, 1992, expired Jan. 28, 1993. Emergency rule filed Dec. 30, 1992, effective Jan. 29, 1993, expired May 28, 1993. Original rule filed Aug. 25, 1992, effective April 8,