AGENCY SPECIFIC INFORMATION:
PSC prefers funds returned using Automated Clearing House (ACH) Direct Deposit (Remittance Express [REX]) or FedWire.
IMPORTANT - PLEASE INCLUDE:
Electronic returns include fields to include financial data. Please make use of these fields and include pertinent subaccount information if it applies.
Returning funds to PSC via Automated Clearing House (ACH) means you will most likely be returning funds to PSC in the manner in which they were received at your organization.
Below is PSC ACH account information:
For payments sent in U.S. Dollars (USD):
For a USD payment, the payment sender must include:
This information must be in this section of the payment instructions or International Treasury Service (ITS) will not be able to identify for which agency the payment is intended. Without this identifying information, ITS will be required to return the payment as unidentified or unable to post. The receiving account is in the name of “Federal Reserve Bank of New York/ITS” and the payment originator should list that as the name on the beneficiary account.
For a FedWire return, return via a WIRE:
Note: If your organization initiates a wire, you are likely to incur a charge from your Financial Institution.
Returning funds via check will result in a processing delay. Please allow 4-6 weeks for processing of a payment by check to be applied to the appropriate PMS account.
To return interest on a grant not paid through the PMS, make your check payable to the Department of Health and Human Services.
Mail the Check to:
HHS Program Support Center
PO Box 530231
Atlanta, GA 30353-0231
Please include a brief statement explaining the nature of the return.
PMS is the central collection point for interest earned on federal grants.
If the grant for which you are returning interest is paid through PMS, the refund should include:
You may return funds for principle and interest in the same refund; however, you must note the amounts that should be applied to each.
If the grant for which you are returning interest is not paid through the PMS, the refund should be accompanied with: