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Dear Vendor/NIH Payee:
In accordance with new Federal regulations all Federal payments must be made electronically via Electronic Funds Transfer (EFT). NIH will enforce this requirement beginning January 1, 1998. Instead of receiving paper checks or cashier drafts, you will have payments deposited directly into your account at your designated financial institution. The new process offers an immediate cash flow benefit as funds will be available more quickly than in the past. Deposit delays, and lost, stolen or misplaced checks will be practically eliminated.
We have enclosed an ACH Vendor/Miscellaneous Payment Enrollment Form (SF-3881) for your use. You must complete and sign the Payee/Company Information section and have your financial institution complete and sign the Financial Institution Information section. Despite the fact that you may have this information on file with some other Federal agency, you must provide it to NIH as well.
We trust you will find this a prompt, effective and reliable method for receiving payments. If you have any questions regarding the necessity to use electronic payments, please contact me at _____________.
Ordering Official
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