8 CSR 10-3.130 - Electronic Transfer of Unemployment Benefits
(1) The
Division of Employment Security has established an electronic funds transfer
system to transfer directly to claimant's accounts benefits payable to them
pursuant to Chapter 288, RSMo.
(2)
For purposes of this rule, the "electronic payment card" shall be an electronic
access-type card which shall not have a line of credit. The only funds which
may be deposited in an electronic payment card account established under this
rule shall be unemployment insurance benefits payable pursuant to Chapter 288,
RSMo and related federal benefits.
(3) Unless an individual files a timely
direct deposit application with the division, all benefits payable pursuant to
Chapter 288, RSMo shall be disbursed by means of an electronic payment card.
The division shall not be in any way liable for any transaction or other
associated costs that cause a claimant/cardholder to exceed the amount
available in his or her electronic payment card account. The division reserves
the right to initiate credit entries and debit entries to correct erroneous
entries to a claimant/cardholder's electronic payment card account. If a
claimant/cardholder's electronic payment card account is closed prior to the
claimant/cardholder drawing down all available funds in the account, the
unexpended funds shall be returned to the division and deposited in the
unemployment compensation trust fund.
(4) An individual desiring the direct deposit
of unemployment benefits into a designated checking or savings account at a
financial institution shall complete and file with the division a direct
deposit application form. The direct deposit application form shall be filed
with the division within seven (7) days after the filing of the initial claim.
The direct deposit application form shall authorize the division to initiate
credit entries, and debit entries to correct erroneous credit entries, to the
claimant's designated checking or savings account. On the direct deposit
application form the claimant shall provide the following: claimant's name,
claimant's Social Security number, name of the designated financial
institution, type of deposit account, signature, and date. The claimant shall
file the completed direct deposit application form along with a voided or
canceled check or deposit slip for the designated deposit account. At any time
during the benefit year, a claimant may change the designated checking or
savings account by filing with the division a new direct deposit application
form. Unless the claimant changes the designated checking or savings account by
filing a new direct deposit application form, the division shall direct all
benefits payable to the claimant during his or her benefit year to the checking
or savings account designated by the claimant on the direct deposit application
form currently on file with the division. Direct deposit application forms may
be obtained by contacting one of the division's regional claim centers or by
downloading the form through the division's Internet website at
http://dolir.mo.gov/es/.
(5) The provisions of this rule regarding
electronic payment cards will not become effective until the division has
entered into a contract with a contractor to issue the electronic payment
cards. The division will implement the provisions of this rule regarding
electronic payment cards over a period of six (6) months following the
execution of such contract.
(6)
Notwithstanding the provisions of this rule, the division may continue to pay
benefits by warrant when necessary to comply with federal or state
law.
Notes
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