Skip to Content

Direct Deposit

You can request that SFERS automatically deposit your monthly retirement allowance directly to your bank account.

To set up direct deposit, please download, complete, and submit the Electronic Funds Transfer (EFT) Form. Please pay particular attention to the instructions on the first page of the form as they provide important information about processing deadlines. Should you need to change the account or financial institution for your direct deposit, please submit a new EFT Form.

After you and your financial institution have completed the EFT Form, please mail it to SFERS at the address on the form; or deliver your form to our drop box on the 6th Floor of 1145 Market Street, which is accessible Monday through Friday, 8:00 a.m. – 4:00 p.m.

SFERS requires the original form, and we do not accept copies via e-mail or fax.

SFERS instructs financial institutions to have direct deposits available on the last day of the month, “the payment authorization date”. If the last day of the month falls on a weekend or holiday, your financial institution may choose to make funds available earlier. Please check with your financial institution regarding fund availability because SFERS does not determine their processing schedule.

International Wire Transfer

If you live abroad, Federal law prohibits processing payments via traditional direct deposit to foreign accounts. However, SFERS does offer the option of receiving benefits via international wire transfer.

To establish an international wire transfer, download, complete, and return the International Wire Transfer (IWT) Form. After you and your financial institution have completed the IWT Form, please mail it to SFERS at the address on the form; or deliver your form to our drop box on the 6th Floor of 1145 Market Street, which is accessible Monday through Friday, 8:00 a.m. – 4:00 p.m.

International wire transfers incur fees. Please contact your financial institution directly to determine what fees are assessed for incoming wire transfers and currency conversion.

SFERS requires the original form, and we do not accept copies via e-mail or fax.