The League – Fostering Financial Wellbeing for All

0150 Electronic Transfer Accounts (ETAs)

All credit unions, state and federal, may offer ETA accounts. 

Electronic Transfer Accounts (ETA) were created under the Debt Collection Improvement Act (DCIA), which requires the electronic payment of federal benefits. The Congress recognized that not all recipients of federal benefits have a relationship with a financial institution. As a result, the Department of the Treasury (Treasury) has developed a program to enable financial institutions to become providers of ETA accounts.