How Do I Change My GI Bill Direct Deposit Information?
Q: I recently had issues with my bank, and have switched to another one. However, I still need to change my direct deposit for my Post 9/11 GI Bill funds. I know you can do it through WAVE with your MGIB, however I don’t have that option in this program. Who do I have to get a hold of to get the account changed in the New GI Bill?
A: All you have to do to change your Post 9/11 GI Bill direct deposit information is submit a new VA Form 22-1990 and include your new deposit information in Block 7. Put a remark in Part IX saying you are switching banks and Block 7 has the new EFT information.
I hope you did not close out your old bank account yet. If you get a deposit from the VA to your old bank account, and it is no longer open, your deposit will get returned to the VA. Then it can be a real hassle trying to get that payment resent out to your new bank account.
A better plan is to leave your old account open, make the Direct Deposit change of information on VA Form 22-1990, and then close your old bank account after you start receiving deposits in your new account. When you fill out your VA Form 22-1990, be really sure you put in the correct routing and account numbers. If either is wrong, the EFT process won’t be able to find your account to deposit your money.
Experience is a great teacher, however, sometimes she can be cruel, but she teaches you lessons you don’t forget.