Tag: Typical Uses of Electronic Funds Transfers

What is Electronic Funds Transfer (EFT), Uses and and Benefits

Electronic funds transfer is a financial transaction that takes place over a computer network. The process allows customers to transfer funds between accounts within the same bank as well across different financial institutions. The electronic fund transfers include direct deposits, wire transfers, direct –debits, online bill payment services, ATM withdrawals, point-of-sale transactions and more. In […]