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OMB Approved No. 2900-0665 Respondent Burden: 20 minutes DIRECT DEPOSIT ENROLLMENT/CHANGE IMPORTANT: You can use this form to enroll in Direct Deposit or to make a change to an existing direct deposit
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People Also Ask about
How long does it take VA to release funds?
If your decision notice shows at least a 10% disability rating, you'll get your first payment within 15 days. We'll pay you either by direct deposit or check. If you don't get a payment after 15 days, please call the Veterans help line at 800-827-1000, Monday through Friday, 8:00 a.m. to 9:00 p.m. ET.
How long does it take to switch direct deposit with VA?
How long will it take for direct deposit to start after I apply? If you enroll on myPay, we usually can make the change within three to seven business days. As long as you sign up two weeks prior to your next payment, your next payment should be deposited directly to your bank account.
How do I update my VA information?
Call us at 877-827-3702. We're here Monday through Friday, 8:00 a.m. to 6:00 p.m. ET. We can connect you to the nearest VA regional office with loan guaranty staff to update your information.
How do I change my VA direct deposit to another account?
To update your direct deposit information or the address on your paper checks, you can: Call us at 800-827-1000 (TTY: 711), or. Call us at 918-781-7550 (for international direct deposit updates), or. Go to your nearest VA regional office and change this information in person.
Is the VA getting a raise in 2023?
VA is increasing compensation payment rates based on the latest cost-of-living adjustment (COLA) announcement. Beginning Jan. 1, 2023, Veterans and beneficiaries who receive VA compensation benefits will see an 8.7% increase in their monthly payments—the largest increase in over 30 years.
How many Veterans and beneficiaries have switched to direct deposits?
WASHINGTON — Today, the Department of Veterans Affairs announced that its Veterans Benefits Banking Program has converted more than 200,000 Veterans and beneficiaries from paper checks to direct deposit for receiving their VA benefits payments.
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