Tri-Partite Bank Agreement

60.5.4 - Tri-Partite Bank Agreement (Rev. 2803, Issued: 10-28-13, Effective: 09-17-13, Implementation: 09-17-13) A/B MACs and DME MACs must ensure that Tri-partite bank agreements (three-party agreements between the contractor, the bank, and the provider) include wording that allows funding of the letter of credit to include EFT as well as paper checks. The agreement must clearly state that all references to checks in the agreement include checks and/or electronic funds transfer. For more information, refer to the Medicare Financial Management Manual, Pub. 100-06, Chapter 5.