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What is EFT?
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EFT is an electronic funds transfer which means that funds are withdrawn automatically from your checking or savings account, on a regular basis, to pay your insurance bill. There is no need to write a check or worry about whether your payment has reached us on time.
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How does EFT work?
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The date and the amount to be withdrawn will be shown on your Premium Statement. If your withdrawal date falls on a weekend or holiday, the transaction will occur on the next regular banking day. |
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All future withdraws will be based on the payment plan you select until the policy premium is paid in full. |
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When you choose EFT, it automatically continues at policy renewal on the same payment plan until you make a change. |
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To change your bank account information or to add another policy, complete and resubmit an application form. |
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If there are insufficient funds in your account to cover the EFT, a fee will be applied. |
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Business policies subject to audits: If your policy is subject to a premium audit and the audit results in a lower premium, we will apply the credit to your account and send you a statement. If the audit results in a higher premium, we will notify you when the amount will be deducted from your account. |
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How do I apply for EFT?
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- You could pay your policy online with EFT or EFT Recurring by clicking here or
- Complete the following application:
Click here for the EFT Application in Microsoft Word format. (Word 97 or higher)
Click here for the EFT Application in Adobe PDF format.**
- Enclose a blank check, marked VOID, or a blank deposit slip showing the account number.
- Mail the completed application and voided check or deposit slip to:
Goodville Mutual
625 W Main Street
PO Box 489
New Holland, PA 17557
After we receive your completed application, we will send you a Premium Statement verifying your account number and when the funds will be withdrawn from your account.
If you have any questions, please contact your agent.
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Check Sample
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** We use Adobe Acrobat for forms on the web. If you do not have
Acrobat, click on the icon below to download a copy. Once you have
downloaded and installed Acrobat, you will be able to view these documents.
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