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Can I Update My Bank Account Information in SAM?

 

Yes, you can update your bank account information in SAM (System for Award Management). Ensuring that your banking information is accurate and up-to-date in SAM is essential, especially if you expect to receive payments from federal contracts, grants, or assistance programs. Here’s how you can update your bank account information in SAM:

  1. Log In to SAM: Start by logging in to your SAM account using your username and password.
  2. Access Your Registration: Once logged in, you’ll typically see a dashboard that provides access to various sections of your SAM registration. Look for an option related to financial or banking information.
  3. Update Banking Information: Select the option to update or edit your banking information. SAM will guide you through the process, which may involve entering details about your bank, account number, and routing number.
  4. Review and Confirm: After entering the updated banking information, carefully review it to ensure accuracy. Mistakes in banking details can result in payment delays or other issues. Once you’re confident that the information is correct, confirm the changes.
  5. Certify and Submit: As part of the update process, you may be required to certify the accuracy of the information you’ve provided. Make this certification and submit the updated banking information.
  6. Verification: SAM may conduct verification checks to confirm the accuracy of the updated banking information.
  7. Confirmation: You should receive a confirmation of the update, indicating that your banking information has been successfully updated in SAM.
  8. Keep Records: It’s advisable to keep records of any changes or updates you make to your banking information in SAM for your own records.

Remember that maintaining accurate banking information in SAM is crucial to ensure that you receive payments for federal contracts, grants, or assistance programs. It’s also important to promptly update your banking information in SAM if your bank account details change, such as when you switch banks or open a new account.

If you encounter any difficulties during the process or have specific questions about updating your banking information in SAM, you can reach out to SAM’s helpdesk or customer support for assistance and guidance.

 

Need Help?

Contact the FPR Help Desk through the following methods:

  • Phone: 1-866-717-5267 (toll-free)
  • Email:¬†help@federalprocessingregistry.com

Ready to Renew Your SAM?

Take the First Step by Clicking Below:
https://federalprocessingregistry.com/register-online/

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