What is eft debit
ONLINE EFT DEBIT PAYMENTS
Businesses registered in the Electronic Funds Transfer (EFT) Program who are using the debit method may make payments online for all eligible taxes and fees including the hotel occupancy fee. To access the system, the 12-digit New Jersey identification number and the EFT PIN will be required.
The provisions of the system are the same as those used when paying by telephone. You will indicate the tax period for which you are making payment and specify a date that the funds will be withdrawn from your account. This date must be at least one business day in the future. When determining the debit date, remember that transactions made after 5:30 pm are considered to have taken place on the following day. As a result, the debit date will be affected. For example, a payment made on a Monday at 7:00pm would have
a debit date no earlier than Wednesday.
In addition, some transactions will require a verification code. Information concerning the verification code is provided in the EFT instructions given to registered participants. Once the transaction has been successfully completed, online confirmation will be provided.
You may immediately view transactions on the INQUIRY screen. A listing of up to 150 transactions is provided to assist in tracking your payments.
Should you need to cancel a scheduled EFT debit payment, you may do so online. The cancellation must be completed by 5:30 pm EST/EDT of the day before the settlement date. If the payment has already settled, it may not be cancelled.
If you have questions about this online service, you may contact the EFT HelpLine for assistance by calling 609.292-9292 Opt #6, Monday through Friday from 8:30 am to 4:30 pm.
Last Updated: Wednesday, 07/30/14Source: www.state.nj.us