Electronic Funds Transfer

Electronic Funds Transfer
Electronic funds transfer, or EFT, is a system for transferring money from one bank to another. In electronic funds transfer, there is no paper money involved.

electronic funds transfer (EFT)
A method of payment used in place of a paper check.
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Electronic Funds Transfer System (EFTS)
any electronic transmission system that moves funds from one institution to another as opposed to the physical exchange of some other medium such as paper checks.
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ELECTRONIC FUNDS TRANSFER - The financial service of electronically transferring funds from one account...
ELECTRONIC FUNDS TRANSFER (EFT) - An electronically based rather than paper-based system of transferrin...

Electronic Funds Transfer
When direct deposit is elected, benefit payments will be sent electronically to a banking institution for deposit to the payee's account. A hardcopy check will not be produced.
See Also: Direct Deposit.

Electronic Funds Transfer
System of transferring funds from one account to another by electronic means.
Electronic Meat Health Certificate ...

Electronic Funds Transfer at the Point of Sale: The technology and practice of making payments for goods and services by means of electronic funds transfer initiated at the point where goods and services are purchased.

Electronic funds transfer:
The transfer of funds, other than a transaction originated by cheque, draft or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer or magnetic tape, ...

Electronic Funds Transfer (EFT): KPERS retirement benefits are directly deposited into a member's account at a financial institution by electronic transmission according to a routing code and account number, instead of a paper check.

Electronic Funds Transfer (EFT)
The shifting of money from one financial institution account to another without the physical movement of cash.
Emergency fund
Money set aside for unexpected expenses or for living costs in case of job loss.

Electronic Funds Transfer
The electronic transfer funds between accounts and firms.
Emerging markets ...

electronic funds transfer (EFT)
An electronically based rather than paper-based system of transferring funds to and from accounts. Two main EFT remittance methods are wire transfers and automated clearing house (ACH).

Electronic Funds Transfer (EFT)
Any transfer of funds initiated by electronic means, such as an electronic terminal, telephone, computer, ATM or magnetic tape.

Electronic Funds Transfer System (EFTS) Allows banks to transfer funds among accounts quickly and accurately without the exchange of checks.

Electronic funds transfer (EFT) - A method of transferring money via electronic means.
Employee stock purchase plan - An employer-sponsored plan that lets you buy the company's stock at a discount to its market value.

Electronic Funds Transfer Systems
A variety of systems and technologies for transferring funds (money) electronically rather than by check. Includes Fedwire, automated clearringhouses (ACHs) and other automated systems.

Electronic Funds Transfer (EFT)
Used by some schools and lenders to wire funds for Stafford and PLUS loans directly to participating schools without requiring an intermediate check for the student to endorse.

Electronic Funds Transfer System (EFTS): Funds may be electronically transferred between accounts of buyers, sellers, and other individuals. This service allows for direct deposits or withdrawals without processing written checks.

electronic funds transfer (EFT): The transfer of funds between accounts and firms electronically.
elevator pitch: A succinct one-minute explanation of a business, usually for the purpose of attracting new investors.

Electronic Funds Transfer
The transfer of money between accounts using consumer electronic systems such as automated teller machines (ATMs) or electronic bill payments.

Electronic funds transfer is the transfer of cash or credit from one account to another using computers and telecommunications. See also: Electronic commerce, Information technology.

EFT (electronic funds transfer)
Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g.

EFTPOS (Electronic Funds Transfer at Point of Sale) - a facility that lets you use your ATM card (debit card) to purchase goods, pay for services and withdraw cash at participating establishments.

Electronic Funds Transfer. These are funds transferred electronically through the Automated Clearing House (ACH).

Electronic funds transfer
Automated Clearing House
Electronic bill payment Â- Giro
Wire transfer Â- Cheque ...

Electronic funds transfer (EFT) is the means by which financial institutions exchange billions of dollars every day without the physical movement of any paper money.

Electronic Funds Transfer Act
A federal law that protects consumers engaged in the transfer of funds through electronic methods. This includes the use of debit cards, automated teller machines and automatic withdrawals from a bank account.

Fed Wire An electronic funds transfer system maintained by the Federal Reserve.
Federal Deposit Insurance Corporation An independent agency of the United States Federal Government responsible for insuring bank deposits.

EFT - Refers to Electronic Funds Transfer.
EGARCH - Is Exponential Generalized Autoregressive Conditional Heteroskedasticity (GARCH).

Taxpayers must use electronic funds transfer to make all federal tax deposits. Generally electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS).

Dictionary Term
electronic funds transfer
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Understanding and Forecasting the Credit Cycle-Why the Mainstream Paradigm in Economics and Finance Collapsed
by Richard A. Werner ...

EFTPOS Acronynm for Electronic Funds Transfer at Point of Sale. Payment is transferred usually from a checking account at the point of sale. EG The two-character ISO 3166 country code for EGYPT.

A nationwide electronic funds transfer... acid-test ratio A test designed to determine whether or not a firm has enough short-term assets...

Electronic Funds Transfer
A payment system initiated by electronic means such as telephone, computer or ATM....(Read more)
Electronic Funds Transfer (at Point Of Sale) ...

The EFT (electronic funds transfer) on July 11 relates to the monthly utility bill; the Tackle Shop has authorized the utility to draft its account directly each month.

The UCC has a permanent editorial board, and amendments to the UCC are added to cover new developments in commerce, such as electronic funds transfers and the leasing of personal property.

Automated Clearinghouse (ACH) The electronic funds transfer network that enables you to make a direct transfer of money from your bank account to your mutual fund, provided your bank participates in the ACH.

Similarly, statements showing electronic funds transfers or credit card statements can also be used. However, these statements should not be your only record of your expenses.

Collection of tools to enable simplified implementations of structured electronic commercetechniques such as, electronic data interchange, electronic funds transfer, automatic datacapture, ...

The Automated Clearinghouse (ACH) is a feature of the Automated Broker Interface which is a part of Customs' Automated Commercial System. The ACH combines elements of bank lock box arrangements with electronic funds transfer services to replace cash ...

That's why you'll also want check writing and Electronic Funds Transfer abilities. Both of these are usually free. It takes a day or two for funds to transfer, but if you aren't in a hurry, it's a great way to move money around with no hassle.

by them from another account or by somebody else and is done in the same way; the check is handed over instead of any cash.
Virtually any other way your money ends up in a bank is classed as a deposit. This can be by electronic funds transfer, ...

See also: Banks, Expense, EFT, Saving, Wire transfer