Get Covered Claim Payments Faster and Avoid Mail Delays with Direct Deposit

What is EFT?

EFT (Electronic Funds Transfer) is direct deposit for claim payments. Funds go straight to the insured’s bank account with no paper check or mailing required that can slow the process.

Why should insureds use EFT?

It’s one of the easiest ways to help improve the claims experience for growers.

• EFT facilitates faster payments by eliminating mail time.

• It’s a more reliable process without the fear of lost or delayed mail.

• It’s more convenient for growers, reducing trips to the bank or the need to manually deposit funds.

• Promotes visibility with email confirmation once the deposit takes place.

How fast are EFT payments?

They are faster than checks because there’s no mailing delay. Deposits are made once payment is processed, with funds generally available within 2-3 business days.

Is EFT secure?

Yes—EFT is a secure and widely used payment method. Paper checks carry real risks—such as mail theft, check washing, forged signatures and even counterfeit copies made from stolen account information. Direct Deposit (EFT) eliminates these vulnerabilities by sending funds securely and directly to the insured’s bank account.

How does an insureds know they've been paid?

Insureds receive a clear confirmation with an email notification the day the deposit is made. During the claims process, they’ll also receive a proof of loss with their claim details.

How do insureds sign up?

It’s a simple, one-time setup that can be done securely via GreatAmericanCrop.com. From the home page, navigate to the “Resources” drop-down, then select “Direct Deposit Sign Up” to access the form. A single EFT form submission covers all policies tied to the insured’s GreatAg account number. Once enrolled, claim payments are automatically deposited going forward.

How are Assignment of Indemnities handled with EFT?

It’s simple—insureds complete the Assignment of Indemnity form and have it authorized by the assignee. Once on file, payments follow the assignment just as they would with a check.