Day: November 4, 2018

Electronic Funds Transfer

November 4, 2018

Anelectronic funds transfer (EFT)┬áis a transaction that takes place over a computerized network, either among accounts at the same bank or to different accounts at separate financial institutions. EFTs include direct-debit transactions, wire transfers, direct deposits, ATM withdrawals and online bill pay services. Transactions are processed through the Automated Clearing House (ACH) network, the secure […]

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