EFT Program

Are you looking for a more convenient way to pay your policy premium? Are you tired of writing checks or remembering to go on-line and pay your premium? We have the answer for you. You can now pay by EFT.

Automatic Payments

Germania Companies are pleased to offer our customers the convenience of a Pre-Authorized checking account payment plan. When you select this payment method, your insurance payments for your current and any renewal or additional insurance policy or coverage, will be automatically deducted from your banking account using Electronic Funds Transfer, EFT. Premiums will be drafted monthly. Thus, by way of example only, if your premium were $120.00, your account will be drafted in the amount of $10.00 each month.

What are the advantages of EFT?

The convenient automatic withdrawal each month of premium payments eliminates installment fees, check writing, and the risk of losing coverage due to non-payment. You save time and money!

How do I enroll in EFT?

To begin EFT, please complete the EFT Authorization Form and attach a voided check for the account you wish to have drafted. Please select a draft date between the 1st and 28th for each policy you elect to be paid via EFT. (If you do not indicate a date on the form,we will use a date close to or the effective date of the policy for the draft date.) Upon receipt of your completed form, we will enroll you in our EFT Payment Plan. You will receive a notice that will state the amount of the monthly deduction and when the first payment will be taken from your bank account.

How do I stop EFT?

If you wish to discontinue the EFT deduction from your account (s), please contact your insurance representative in writing. When we stop automatic drafting of your account (s), we will send you a bill for premium payments. Of course, the EFT deduction will also stop upon the termination of your insurance coverage and the satisfaction of any outstanding premiums and/or fees.

Any Questions?

Please contact us at 1-800-392-2202 ext. 4811.

Frequently Asked Questions

Q: Will I receive notification of the amount to be drafted?

A: Yes, when the policy is changed to EFT, you will receive a notice of the draft dates and amounts. Should your policy premium change during the year, you will receive a new notification of draft dates and amounts.

Q: Once I am set up on EFT, can I change my draft date?

A: Yes, you can contact your agent and request the change. Depending on the new date requested, the change may not take place until the next month.

Q: What do I do if my financial institution information changes?

A: Notify your agent of the change in financial institutions and the date the change should take place.

Q: What do I do if I no longer wish to pay by EFT?

A: Notify your agent which policies you wish to have taken off EFT.

Q: If I have multiple policies, do I have to select the same draft date for all?

A: No, a different draft date may be used for each policy. The draft date may be any date from the 1st to the 28th of the month.

Q: If I have multiple policies, do I have to use the same financial institution for all?

A: No, a different financial institution may be used for each policy. A voided check must be sent for each financial institution.

Q: Can I have payments drafted out of my savings account?

A: Yes. Since you will not have a voided check, please provide a routing number, account number and indicate "Savings" account on the form and send to the home office.

Q: Are there any fees if I pay by EFT?

A: No, we do not charge a fee if paying by EFT. Also, we do not charge the typical installment fee if paying by EFT. This could be a savings of $30.00 a year on an automobile policy.

Q: My policy has just renewed. Is it too late to pay by EFT?

A: No, as long as it is prior to the due date on the premium notice, the policy may still be set up on EFT. If a payment should be needed prior to being set up on EFT, you will be contacted by our office.

Q: How do I get the authorization form to you?

A: You may fax a copy of the form and voided check to 979-830-7544 or send in the mail to: Germania, PO Box 1400, Brenham TX 77834-1400.

Q: What is the transit number and where is it located on my check?

A: This is a number used by a financial institution for processing items on your account. The transit (or routing) number is located on the bottom line of your check. If unsure what number to put on the form, attach a voided check or contact your financial institution for the transit number to be used for ACH. As long as you provide a voided check, we have all the information needed to draft your account.

Q: Can I send a deposit ticket instead of a voided check?

A: A voided check is preferred since some financial institutions have different routing numbers on deposit tickets. However, if all you have is a deposit ticket, it is okay to send it with the authorization form.

Q: Can I make an additional payment during the year and stay on EFT?

A: Yes, additional payments are accepted if paying by EFT. Future payments will be reduced by the amount received and a new draft schedule will be sent of future draft dates and amounts.

Q: Can my policy be drafted one time for the year regardless of the premium due?

A: At this time, no. All premiums are drafted monthly.

Q: Will I receive a reminder each month?

A: No. A draft schedule is sent for the year. Another schedule is sent only if the draft date and/or amount should change from the original schedule.

Q: Can I get additional copies of my draft schedule?

A: Yes, call the home office at 1-800-392-2202 extension 4811 and ask for another copy.

Q: If I make changes to my policy will I receive a new draft schedule?

A: Yes, a new draft schedule will be sent any time the premium on your policy is changed resulting in different draft amounts.