Coronavirus Disease 2019 (COVID-19) in Colorado: State & National Resources

Electronic Funds Transfer

The Colorado Department of Revenue offers an Electronic Funds Transfer (EFT) tax payment service. You may use EFT to pay more than 50 types of business and personal tax liabilities. For a complete list of accepted tax liabilities, see the DR 5785.  Colorado’s EFT program offers two choices: ACH Debit and ACH Credit. You may choose either or both. Both options are free, but first, you must be registered with the department to use either service.
 

If you have already registered for EFT and are familiar with it, visit the EFT Payment Website:

 

How to Register for EFT

Please note that if you wish to make a payment today, use a credit card, debit card or e-check
 
You can sign up for EFT through your Revenue Online account by following the Step-by-Step Instructions for Account Set-Up or by using the Authorization For Electronic Funds Transfer (EFT) For Tax Payments (DR 5785). A completed DR 5785 can be emailed, faxed or mailed to the Department. The contact information for each method is below. 

Automated Clearing House (ACH) Debit

When you authorize or give permission to the Department of Revenue to debit your bank account automatically, this is ACH Debit. To use ACH Debit you will need to register the tax types you wish to pay by EFT with the Department of Revenue. After an EFT account request is submitted in Revenue Online, you will be able to see the EFT number in your Revenue Online account. Or you may complete the form DR 5785 authorization. The PIN Code is also emailed to you. If you have multiple tax types, one EFT number and PIN Code may be used for all tax types. When an EFT account request is set up in Revenue Online and the request is made before 4 p.m. Mountain Time, you may begin making EFT payments TWO BUSINESS DAYS LATER through our EFT Debit service.

Automated Clearing House (ACH) Credit

When you contact your bank and ask them to "push" the payment to the Department of Revenue, this is ACH Credit. ACH Credit is similar to "Bill Pay" services offered by banks to their customers.
  • 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.
  • EFT credit payments can be made upon receipt of the EFT number.
 

How to Make an EFT Payment

Automated Clearing House (ACH) Debit

To make a payment using ACH Debit, go to Revenue Online, enter your Revenue Online Login ID and Password, provide your EFT Number and EFT PIN Code, tax type code, filing period ending date, dollar amount owed and effective date. Submit your tax payment before 4:00 P.M. Mountain Time for credit to your account on that date. The payment Web site and phone system are available 24 hours a day, 7 days a week. The other online alternative is to go the Make a Payment/Manage Account Website (click button below). Or call 877-265-6338 (877-COLOEFT). You will be directed through the process of initiating an electronic debit to your financial institution account over the phone.

Automated Clearing House (ACH) Credit

To make a payment, you will contact your financial institution to initiate an ACH credit to the Department of Revenue’s bank account. Make sure your financial institution is able to create a TXP record, which is a national banking standard. If our payment does not contain a TXP record or is incorrect, your payment will be returned to you as unprocessed.