Paper Check Conversion

This is to notify you that Bureau of Public Debt (BPD) is adapting a deposit process from manual check deposits to Paper Check Conversion (PCC) deposits. PCC is a web-based application that converts personal and business checks into electronic funds transfers. Currently, when you provide a check as a payment (ex, travel overpayment, FOIA requests, fines and forfeitures), you authorize BPD either to use information from your check to make a one-time electronic funds transfer from your account or to process the payment as a check transaction. When BPD uses information from your check to make an electronic funds transfer, funds may be withdrawn from your account as early as the day BPD receives your payment, and you will not receive your check back from your financial institution. With the new PCC deposits, it will help reduce the workload by removing paper from the process, speed the deposit and collection process through automation, reduce the number of dishonored checks accepted, provide an audit trail for each item, and provide a complete electronic record of converted checks. BPD will implement the system after 30 days from this notification.