Electronic Funds Transfer Tutorials

  • 16 August 2019
  • ADM



Electronic Funds Transfer Tutorials - images/logos/eft.jpg


Electronic funds transfer (EFT) stands for electronic transfer of money from one bank account to another, either in the same bank or in another bank and the transfer could be passed across multiple institutions.

Electronic funds transfer covers multiple operations like:

  • cardholder-initiated transactions, using a credit or debit card;
  • direct deposit;
  • direct debit payments;
  • wire transfer;