Disbursement
Disbursement means, in the context of electronic benefits transfer, the performance of the following duties by a Financial Agent acting as agent of the United States:
(1) The establishment of an account for the recipient that meets the requirements of the Federal Deposit Insurance Corporation or the National Credit Union Administration Board for deposit or share insurance;
(2) The maintenance of such an account;
(3) The receipt of Federal payments through the Automated Clearing House system or other electronic means and crediting of Federal payments to the account; and
(4) The provision of access to funds in the account on the terms specified by Treasury.