As a policyholder, you have several options for paying premiums. But the best option, and the one most often overlooked, is the electronic funds transfer (EFT) program. This service is coordinated with the Office of the State Treasurer and allows CompSource Oklahoma to accept premium payments electronically. This direct debiting program is offered on a voluntary basis, and has many benefits including: savings on postage savings on cost of checks time saved on bill paying increased security for your payments ensures the prompt payment discount is earned Instead of writing a monthly check to pay the bill, your bank account will automatically be debited at the same time each month. This will ensure that your prompt payment discount is credited. Quarterly reporting policyholders can take advantage of the program, but will be debited on a quarterly basis. The account for policyholders reporting on an annual basis will be debited when any premium is billed. Signing up for the program is easy. Simply print the EFT form, complete it, and mail it to the address printed on the form’s 2nd page. After the form is received, you will receive notification with information on the amount and date of the automatic withdrawal. You will continue to receive complete billing notification as you do now. If you have questions about the EFT direct debiting program, call us at (405) 232-7663 Ext. 3501 or call toll-free, 1-800-347-3863 Ext. 3501. back to top