electronic funds transfer wikipedia - EAS
- Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer -based systems, without the direct intervention of bank staff.
Electronic funds transfer
Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems and without the direct intervention of bank staff. EFTs are known by a number of names. In the United States, they may be referred to as electronic checks or e-checks.
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Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. According to the United States Electronic Fund … See more
EFTs include, but are not limited to:
• Automated teller machine (ATM) transfers
• Direct deposit payment or withdrawals of funds initiated by the payer
• Direct debit payments for which a business debits the consumer's See moreWikipedia text under CC-BY-SA license - See more
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