Form De 530 - Electronic Funds Transfer (Eft) Quick Reference

Form De 530 - Electronic Funds Transfer (Eft) Quick Reference - 1999

Electronic Funds Transfer (EFT)

Quick Reference

(

Before you call, be sure to have your:

TAX TYPE CODES

• Employer account number

Code:

Description:

• Security code

DI/PIT Codes:

Semi-Weekly Deposits

01100

• Tax type code

Monthly Deposits

01101

Next Banking Day Deposits

01102

• Payroll date or quarter ending date

Quarterly DI/PIT Deposits

01104

• Tax amounts

UI/ETT Code:

01300

Quarterly UI/ETT Payment

• Verification code

P&I Code:

Self-Assessed Penalty & Interest

20000

Payments

Please review the instructions on page 2 of this card before placing your first call.

Questions and Answers

Q: MAY I CANCEL OR INQUIRE ABOUT A PAYMENT?

Q: HOW DO I ESTABLISH MY SECURITY CODE?

A: Yes, Call the data collector before 3:00 p.m., Pacific

A: When you report your first payment, you must

Time, the same day the transaction was reported.

change your generic security code "0000" to

Follow the prompt, "To perform a cancellation or

your own confidential four-digit numeric code.

inquiry".

Follow the prompt, "to change a security

code".

If you miss the 3:00 p.m. deadline, call EDD's EFT Unit

at (916) 654-9130 for assistance.

Q: WHEN DO I CALL TO ENSURE A TIMELY

TAXDEPOSIT?

Q: WHAT IS WAREHOUSING?

A: Complete your call before 3:00 p.m., Pacific

A: Warehousing is the reporting and electronic storage of

Time:

a payment up to 60 days before its due date. The

For Semi-Weekly and Monthly Deposits

payment is transferred at a predetermined settlement

on or before the tax due date.

date reported by the taxpayer.

For Next Banking day Deposits

Q: HOW DO I CALCULATE MY VERIFICATION CODE?

on or before the second bank day following your

payroll date.

A: Assume a tax payment of $75,150.55

a) Total all digits in the tax payment:

For Quarterly DI/PIT or UI/ETT payments

7 + 5 + 1 + 5 + 0 + 5 + 5 = 28

on or before the last timely date for the quarter.

b) Count the number of digits in your tax payment:

7, 5, 1, 5, 0, 5, 5 = 7

Note: Payments reported after 3:00 p.m.,

c) Add a + b. In this example, the verification code is

Pacific Time, will not be processed until the next

28 + 7 = 35

banking day, and will be considered late.

DE 530 Rev. 6 (8-99) (INTERNET)

Page 1 of 2

Form De 530 - Electronic Funds Transfer (Eft) Quick Reference - 1999

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