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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 staff1. It is also known as wire transfer, bank transfer, or credit transfer2. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.e 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.en.wikipedia.org/wiki/Electronic_funds_transferWire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office.en.wikipedia.org/wiki/Wire_transfer
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Electronic funds transfer - Wikipedia
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 in which a business debits the … See moreWikipedia text under CC-BY-SA license What Is An EFT Payment? – Forbes Advisor
WEBJun 29, 2022 · Learn how electronic funds transfer (EFT) works and what types of EFT payments are available. Find out the benefits, risks and protections of using EFT to move money online.
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WEBMar 5, 2022 · The Electronic Fund Transfer Act (EFTA) is a federal law that protects consumers when they transfer funds electronically, including through the use of debit cards, automated teller machines...
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WEBFeb 20, 2024 · A wire transfer is an electronic transfer of funds across a network administered by hundreds of banks around the world.
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