California Business Portal

What is the Franchise Tax Board's (FTB) Electronic Funds Transfer (EFT) program?

FTB's EFT program provides a faster, more efficient method of paying taxes for banks and corporations. EFT allows financial institutions to transfer money from your bank account to the state's bank account electronically, eliminating the use of paper checks.

Banks and corporations must use EFT if their quarterly estimated tax payment or extension payment exceeds $20,000 or if their total tax liability exceeds $80,000. Once a corporation remits a payment that meets the criteria for mandatory participation, FTB notifies the corporation that all future payments must be made through EFT.

Banks and corporations may voluntarily remit payments by EFT after contacting FTB and receiving approval. To receive approval, you must complete and return FTB 3815, Authorization Agreement for Electronic Funds Transfer to FTB.

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