This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is the WV/EFT-5 form?
A: The WV/EFT-5 form is an application for ACH Credit Electronic Funds Transfer in West Virginia.
Q: What is ACH?
A: ACH stands for Automated Clearing House, which is a network that facilitates electronic funds transfers.
Q: What is an ACH Credit Electronic Funds Transfer?
A: An ACH Credit Electronic Funds Transfer is an electronic payment that is initiated by the payer to transfer funds to the payee's account.
Q: Who needs to fill out the WV/EFT-5 form?
A: Individuals or organizations that want to make electronic funds transfers in West Virginia need to fill out the WV/EFT-5 form.
Q: What information is required on the WV/EFT-5 form?
A: The WV/EFT-5 form requires information such as the payer's name, address, banking information, and the payee's name and banking information.
Q: Are there any fees for using ACH Credit Electronic Funds Transfer in West Virginia?
A: The West Virginia State Treasurer's Office may charge a fee for processing ACH Credit Electronic Funds Transfer transactions.
Q: How long does it take for an ACH Credit Electronic Funds Transfer to be processed?
A: The processing time for an ACH Credit Electronic Funds Transfer may vary, but it typically takes one to two business days.
Q: Can I cancel or modify an ACH Credit Electronic Funds Transfer after it has been initiated?
A: Once an ACH Credit Electronic Funds Transfer has been initiated, it may not be possible to cancel or modify the transaction.
Q: Is the WV/EFT-5 form only applicable to West Virginia residents?
A: The WV/EFT-5 form is primarily intended for individuals and organizations in West Virginia, but it may also be used by out-of-state entities for electronic funds transfers to West Virginia.
Form Details:
Download a fillable version of Form WV/EFT-5 by clicking the link below or browse more documents and templates provided by the West Virginia State Tax Department.