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What should you know about your ETA
It is new and low cost to receive your Federal benefit or payment. It is called ETA-Electronic Transfer Account. An ETA is a new federal insured account you can open right here. With an ETA, instead of getting a check in the mail, you can have your payment deposited right to your account- on time, every time.

An ETA means you can enjoy the safety, security and convenience of receiving your payments automatically, even if you don’t have a checking or savings account now.

ETA’s are available to anyone who receives Social Security, Supplemental Security Income (SSI), Veterans Benefits, Railroad Retirement, Civil Service Salary or Retirement, or Military Retirement,

An ETA costs you $3.00 a month. For this service charge, you’ll enjoy the safety, security and ease of having your check deposited directly to your account plus the following features:

  • Your ETA is Federally Insured
  • You can take money out of your account at least four (4) times a month. If you use Automatic Teller Machines (ATMs) at certain locations, it may cost extra. Ask a teller or customer service representative for details.
  • You don’t need to keep a minimum balance in your account unless the law requires it.
  • You’ll get a monthly statement listing all deposits and withdrawals


Other services provided may have additional costs. Ask your teller or customer service representative if you have any questions about the ETA. If you have other questions about your Federal payment, contact the Federal Agency that pays you.