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How to fill out the Bk58 online
The Bk58 form, known as the EFT Authorization Form, is essential for retirees of the Teachers’ Retirement System of the City of New York looking to have their monthly pension and annuity payments electronically deposited into their bank accounts. This guide provides you with clear, step-by-step instructions on how to fill out the Bk58 form online.
Follow the steps to successfully complete the Bk58 form.
- Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
- Begin by filling out Part A. Provide your first name, middle initial, last name, Social Security number, and permanent home address including city, state, zip code, and apartment number. Ensure all information is accurate.
- Add your TRS membership or beneficiary number and daytime phone number. Indicate whether this is your home or work number.
- In Part B, enter the name of your financial institution, its complete mailing address including city, state, and zip code.
- Record your account number at your financial institution. Specify whether the account is a savings or checking account by checking the appropriate box.
- Indicate if you want to receive QPP retirement allowance payments, TDA annuity payments, or both by checking the relevant boxes and initialing next to your choices. If you choose TDA payments, include your TDA account number.
- Review Part C thoroughly. Sign and date the form, authorizing the Comptroller of the City of New York to send your payments via EFT.
- If applicable, have an authorized officer from your financial institution complete Part D by providing their name, official title, business telephone number, and Automated Clearing House transit routing number. They must also sign and date this section.
- Once all sections are completed and reviewed, save your changes and prepare to submit the form online. After submitting, you will receive a confirmation once processed.
Complete your Bk58 form online today for a hassle-free payment experience!
To figure out your federal income tax withholding, begin by reviewing your income and the associated tax rates. Use the IRS withholding calculator or the Bk58 to help determine the right amount to withhold based on your personal situation. Consider factors such as dependents, additional income, and financial deductions to arrive at an accurate withholding amount. This approach will help you manage your finances better throughout the year.