Electronic Funds Transfer
The Colorado Department of Revenue offers a Electronic Funds Transfer (EFT) Payment service. You may use EFT to pay more than 50 types of business and personal tax liabilities.
Colorado’s EFT program offers two methods of electronic payment, ACH Debit and ACH Credit. You may choose either or both. Both options are free, but you must be registered with the department to use either service.
To use ACH Debit you will need to register the tax types you wish to pay by Electronic Funds Transfer (EFT) with the Department of Revenue. You can sign up for EFT through your Revenue Online account or by using the DR 5785. After an EFT account request is submitted in Revenue Online, you will be able to see the EFT number in your Revenue Online account. The PIN Code is also emailed to you. If you have multiple tax types, one EFT number and PIN Code may used for all tax types. When an EFT account request is set up in Revenue Online and the request if made before 4 p.m. Mountain Time, you may begin making EFT payments the next business day if using our EFT Debit service. EFT credit payments can be made upon receipt of the EFT number.
To make a payment using ACH Debit, visit the Payconnexion/Chase Web site, provide your EFT Number, your PIN Code, tax type code, filing period ending date, dollar amount owed and effective date. Or call 877-265-6338 (877-COLOEFT). You will be directed through the process of initiating an electronic debit to your financial institution account.
To use ACH Credit you will need to register the tax types you wish to pay by Electronic Funds Transfer (EFT) with the Department of Revenue. You can sign up for EFT through your Revenue Online account or by using the DR 5785.
You will receive a unique identifier number and instructions on where to send the payment and the necessary formatting of the ACH credit transaction. To make a payment, you will contact your financial institution to initiate an ACH credit to our bank account.