Treasury Extends Debit Card Application Form for Smooth Operations
Published Date: 11/28/2025
Notice
Summary
The Treasury Department is extending the use of a form that helps officials get and manage special government debit cards called Stored Value Cards (SVCs). This form collects info to make sure payments and debts linked to these cards are handled properly. If you’re involved with these cards, you can comment on the form by January 27, 2026—no cost changes, just keeping things running smoothly!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
SVC Enrollment Requires Bank Debit Authorization
If you apply to enroll in the Treasury Stored Value Card (SVC) program using FS Form 2888, you must authorize the Treasury to initiate debit and credit entries to your bank or credit union account. The form also facilitates collection of any delinquent amounts that may become due as a result of card use.
Applicant Data May Be Shared with Agencies
Information you provide on FS Form 2888 may be disclosed to Treasury's Fiscal and Financial Agents and their contractors, to the Department of Defense for SVC administration, and to other Federal, State, or local agencies as allowed under routine uses and the Privacy Act.
Estimated Time Burden for Applicants
The Treasury estimates 7,500 respondents will complete FS Form 2888, with an estimated time of 10 minutes per respondent and a total annual burden of 1,250 hours.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-16725, Extension of a Currently Approved Information Collection: Annual Financial Statement of Surety Companies-Schedule F
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Annual Financial Statement of Surety Companies-Schedule F.
2026-16726, Extension of a Currently Approved Information Collection: Authorization Agreement for Preauthorized Payment (SF 5510)
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Standard Form 5510, "Authorization Agreement for Preauthorized Payment".
2026-13903, Prompt Payment Interest Rate; Contract Disputes Act
Starting July 1, 2026, the interest rate for late payments to businesses by government agencies is set at 4.75% per year until December 31, 2026. This means if the government pays late for goods or services, they owe extra money based on this rate. Businesses get paid interest automatically, even if they don’t ask for it, so everyone knows when and how much extra cash is due.
2026-13504, Extension of a Currently Approved Information Collection: Special Form of Request for Payment of US Savings and Retirement Securities Where Use of a Detached Request Is Authorized
The Treasury is extending the use of a special form that helps people request payment for U.S. Savings and Retirement Securities, like bonds and notes. This affects individuals handling these securities, including owners, beneficiaries, or legal reps. No big changes or costs are coming, but comments on the form are open until September 4, 2026.
2026-13507, Extension of a Currently Approved Information Collection: Pools and Associations-Annual Letter
The Treasury Department is extending a paperwork form called the Pools and Associations Annual Letter, which helps insurance companies figure out their credit limits for reinsurance. About 84 businesses will spend around 1.5 hours each filling it out, with no new costs or big changes. Comments on this process are welcome until September 4, 2026, so everyone affected can have their say!
2026-13505, Extension of a Currently Approved Information Collection: TreasuryDirect System
The Treasury is extending its approval to keep collecting info through the TreasuryDirect System, which helps people open accounts and manage transactions online. This affects millions of individuals who use the system, with no big changes or extra costs, but they want your feedback by September 4, 2026. It’s all about making the process smoother and less of a hassle for everyone involved!
Previous / Next Documents
Previous: 2025-21518, Extension of a Currently Approved Information Collection: Application Forms for U.S. Department of the Treasury Stored Value Card (SVC) Program
The Treasury Department is extending the use of forms for its Stored Value Card program, which helps people get and manage prepaid cards. If you’re applying or working as a contractor, you’ll keep using these forms to share info and authorize payments. No big changes or costs, but if you want to comment, do it by January 27, 2026!
Next: 2025-21520, Extension of a Currently Approved Information Collection: Electronic Funds Transfer (EFT) Market Research Study
The Treasury Department is extending its study on how people use Electronic Funds Transfer (EFT) for federal payments, like benefits and vendor payments. This study helps figure out why some folks don’t use direct deposit and how to get more people on board. About 19,500 people will spend around 16 minutes each sharing their thoughts, with comments open until January 27, 2026.