Banking Information

Use this option to establish or change a bank accounts direct deposit information for a payee account or a payee subaccount. The payee account, subaccount, and the financial institution must be established before bank account information can be associated to an account. Additionally, you must have been granted access to the payee accounts and have been granted banking privileges. You will have the ability to modify both domestic and international banking information (if applicable). All banking requests are required to have supporting documentation attached to the request.

If you are a new recipient, you will need to obtain access to the Payment Management system prior to providing your banking information. If you already have access to the Payment Management System you will need to submit a request to update your privileges in PMS to add the role “add/update banking” prior to submitting banking information.

Document Requirements

Recipients with US bank accounts: All banking requests must include a copy of the SF- 1199A Direct Deposit Sign-Up form. Instructions for completing the SF-1199A Direct Deposit Sign-Up Form can be found HERE.

Recipients with International bank accounts: All banking requests must include a copy of the SF- 1199A Direct Deposit Sign-Up form and the International Bank Letter with authorized signatures on the bank letterhead.
International Bank Letter Instructions: HERE. Sample International Bank Letter: HERE.

To Add/Update Banking: Login to PMS → select "Menu" → User Account Maintenance → Add/Update Banking.

Location of Instructions: Login to PMS → select "Menu" → User Account Maintenance → User Account Maintenance User Guide → Add/Update Banking.

NOTE: If you do not currently have access to the Banking menu node, you do not have access to make changes to the banking information. To add access to banking, complete an Update Privilege Request.

Reasons for Rejected Requests:

The organization name in PMS, payee name on SF1199A (Section1), Depositor Account Title on SF1199A don’t agree.
An individual’s name is entered on the SF1199A line B (this field should be blank).
The organizations EIN is not entered on the SF1199A line C
The SF1199A has strike-outs, information that has been altered by erasures or correction fluid.
Section 2 is left blank
Section 3 is not completed in its entirety.

NOTE: All Banking Add/Update request(s) will be processed within four business days after PMS receives it.

For additional assistance, please contact your PMS Liaison Accountant.