What is the meaning of Electronic funds transfer?

Subtopics: EFT 

Electronic funds transfer is the financial service of electronically transferring funds from one account to another instead of using current checking system. Also referred to as an "automatic bank draft".

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APABarry Goldsmith. (2010). electronic funds transfer. Retrieved September 20, 2026, from http://smartdefine.org/electronic_funds_transfer/definitions/1152848
ChicagoBarry Goldsmith. 2010. "electronic funds transfer" http://smartdefine.org/electronic_funds_transfer/definitions/1152848 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, electronic funds transfer, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/electronic_funds_transfer/definitions/1152848>.
MLABarry Goldsmith. "electronic funds transfer" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/electronic_funds_transfer/definitions/1152848>