Electronic Funds Transfer

Electronic Funds Transfer | ACH payment

Electronic Funds Transfer (EFT) is a safe and paperless way for you to pay your Grinnell Mutual bills automatically. An EFT payment is also known as an Automatic Clearing House (ACH) payment.

What is ACH payment?

An ACH payment is an electronic fund transfer made between two financial institutions. It's used for routine payments — paying your Grinnell Mutual bill, for instance.

How to make an ACH payment

When you choose to authorize Grinnell Mutual for direct payments via ACH, it will be deducted right from your checking or savings account. We’ll waive the $5 service fee each month if you elect to pay premiums this way.

Plus, if you have a Personal Auto policy with us, you could get another 5 percent discount.*

Note that EFT (ACH) is for future payments. You can make your current payment due online with Manage My Account.

Manage My Account Download ACH form

How to authorize ACH payment

  1. Complete the ACH form.
  2. Attach a voided check (if from checking account) or a voided bank deposit slip (if from savings account). 
  3. If emailing ACH form, scan/take picture of completed form with a picture of the voided check/deposit slip to uwcsr@grinnellmutual.com. If mailing ACH form, mail completed form with voided check/deposit slip to: Grinnell Mutual, PO Box 790, Grinnell, IA 50112-0790.

 

* The Electronic Funds Transfer discount is not available for paid-in-full policies because a discount for immediate payment has already been applied.