Winona County Electronic Funds Transfer Policy
Policy: Winona County will process both incoming and outgoing electronic funds transfer, when deemed prudent by the County Treasurer as the most efficient method of payment, receipt or investment.
Source: Authorization for electronic funds transfer is given by the following Minnesota Statutes:
385.071 – Electronic Funds Transfer
276.02 - Use of credit cards for payment of real estate taxes
375.01 - Use of credit cards by county officials or employees
471.381 – Use of electronic transfer for payment of county’s obligations
General Information: Electronic fund transfer is the movement of county dollars via the Federal Reserve System, from one bank to another. Winona County will utilize electronic transfer for the receipt of intergovernmental payments and other revenue when deemed practical. Winona County will utilize electronic transfer for payment of county’s obligations when deemed practical. All investment will utilize the electronic fund transfer.
Authorized Personnel: Electronic fund transfer will be initiated by the County Treasurer or in the absence of Treasurer; the Deputy will initiate the electronic fund transfer.