PMS is the central collection point for interest earned on all federal grants, whether they are paid through the Payment Management System or not.
If the grant for which you are returning interest is paid through PMS, the refund should include:
If the grant for which you are returning interest is not paid through the PMS, the refund should include:
Refunds for Principal should only be sent to Payment Management Services if the award(s) was paid thru the Payment Management System.
Refunds should include the following information:
Electronic returns provide fields to include financial data. Please make use of these fields and include the requested information.
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 the International Treasury Service (ITS) will not be able to identify the federal agency the payment is for. 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.
NOTE: If your organization initiates an international ACH return, you are likely to incur a charge from your Financial Institution or their Correspondent Bank.
For a FedWire return, return via a WIRE:
NOTE: If your organization initiates a FedWire return, 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 979132
St. Louis, MO 63197