What is gpc eft on bank statement?
Don’t worry, as in this article, we will discuss what GPC EFT means on your bank statement and how you can manage the transaction going forward.
GPC EFT stands for “Government Procurement Card Electronic Fund Transfer.” It is a payment made using a government procurement card, which is a type of credit card that is issued to government employees and authorized contractors to make purchases on behalf of the government.
GPC EFT transactions typically appear on bank statements as payments made to vendors for goods or services.
GPC EFT transactions appear on a bank statement as a payment made to a vendor. The transaction includes the vendor’s name, the amount of the payment, and the date.
It may also include a reference number or other identifying information. The transaction is listed as a debit, as it reflects that money was taken out of the account to make the payment.
A similar charge is Republic TRS, which appears in your bank or credit card statement. It might not be similar to a GPC EFT charge but the steps to remove it from your statement are more or less the same.
There are numerous advantages to using GPC EFT, particularly for government agencies and authorized contractors. Some of these are:
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You should always ensure that GPC EFT is an approved payment method for the vendor. Some vendors may not accept electronic payments, so it is important to confirm that GPC EFT is an acceptable payment method before proceeding with the payment.
It is important to keep a record of the payment for accounting and auditing purposes. This may include a copy of the GPC EFT electronic payment receipt or a printout of the transaction details.
Regulations and Procedures Department of Defense Department of Army
Department of Navy (USN and USMC) GPC Program
Department of Air Force GPC Program
Defense Agencies and DFAS
Other Related Links
Federal Acquisition Regulation (FAR) Information
U.S. Bank Government Services
Customer Service
· Help Ticket Database and Report Generator
In order to better assist both internal and external customers, a Help Ticket Database has been implemented. The focus of this database tracking system is to facilitate an expedited resolution for GPC inquiries. In addition, a "Report Generator" is in development. This new tool will enable customers to pull EDI reports based on a specific Fiscal Station Number (FSN).
· For eSolutions GPC questions, please contact:
Regulations and Procedures Department of Defense Department of Army
Department of Navy (USN and USMC) GPC Program
Department of Air Force GPC Program
Defense Agencies and DFAS
Other Related Links
Federal Acquisition Regulation (FAR) Information
U.S. Bank Government Services
Customer Service
· Help Ticket Database and Report Generator
