Electronic Funds Transfer

Verify Bank Account Information

National Government Services receives numerous electronic funds transfer banking rejections each year due to frozen or closed bank accounts. To prevent interruption in Medicare payment, billing providers verify an active bank account is connected to the provider enrollment record.

To Prevent Disruption:

  • If transitioning to close an EFT bank account and open a new EFT bank account, even if notified by NGS that the new account was approved, do not completely close the old account until it’s verified that the new account is actually receiving Medicare payments successfully.

    If EFT bank account was compromised, contact NGS customer care for additional support.
     
  • When an EFT bank account has no activity over a period of time, the bank may freeze the account. Verify the account is not only open but active during the entire enrollment process until the account is receiving Medicare payment successfully.
  • Inform Medicare of any change to EFT bank account information immediately by completing and submitting the necessary CMS forms and supporting documents.

NGS must verify the bank information with the authorized individual from your practice before making the necessary updates or changes. When submitting the CMS-588 Electronic Funds Transfer Agreement, provide accurate and direct contact information.

If you are terminating a Medicare enrollment, submit the appropriate CMS-855 to close the enrollment.

Related Content

Reviewed 6/13/2024

Helpful Resources

Check Provider Enrollment Application Status
Log Into PECOS
Pay Application Fee

J6 Mailing Address:

National Government Services, Inc.
P.O. Box 6475
Indianapolis, IN 46206-6475

Interactive Voice Response:

877-908-9499

Contact Enrollment:

877-908-8476

Hours Available:

Monday–Friday
8:00 a.m.–4:00 p.m. CT

Form(s) you'll need:

Enrollment Forms

Helpful Resources

Check Provider Enrollment Application Status
Log Into PECOS
Pay Application Fee

JK Mailing Address:

National Government Services, Inc.
P.O. Box 7149
Indianapolis, IN 46207-7149

Interactive Voice Response:

877-869-6504

Contact Enrollment:

888-379-3807

Hours Available:

Monday–Friday
8:00 a.m.–4:00 p.m. ET

Form(s) you'll need:

Enrollment Forms