Electronic fund transfer financial definition of Electronic fund transfer. Electronic fund transfer finance term by the Free Online Dictionary.

Electronic funds transfer (EFT)

Transfer of funds electronically rather than by check or cash. The Federal Reserve's Fedwire and automated clearninghouse services are EFT systems.

Electronic Funds Transfer System

Any computerized system that facilitates a transaction in which money, securities, or some other good changes hands. Examples of electronic funds transfer include receiving cash out of an ATM and placing an order to buy a stock over the telephone.

electronic funds transfer (EFT)

The transfer of funds, as from one account to another or from buyer to seller, by telephone or computer. The use of EFT results in the instantaneous movement of money. The additional time that the funds are available to earn income can more than offset the fees charged by institutions for this service. Also called wire transfer.

Electronic funds transfer. 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. Money moves electronically from one bank account to another, usually within 24 hours of a scheduled payment.

The system covers all electronic credit and debit money transfers, including direct deposits -- which occur when you authorize your employer or other payer to automatically deposit payroll into your bank account -- debit card and ATM transactions, online bill payment, wire transfers, and debit transfers as well as automatic deductions from your accounts to make regular payments.

According to the US Department of the Treasury, it costs the federal government only 9 cents to issue an EFT payment as opposed to 86 cents to make a traditional check payment.

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ACH Automated Clearing House Automatic Bill Payment Bank Wire EFT EFTPOS Electronic Check Conversion Electronic Fund Transfer Act Electronic Funds Transfer System Electronic Funds Transfer Systems Transferencia eletronica de fundos Transfert Electronique de Fonds Wire Transfer	electronic benefit cards, electronic gift cards, ACH networks, point-of-sale systems, debit cards, credit cards, ATMs, paper checks, cash and electronic fund transfers as well as such related issues as privacy demands and anti-money laundering. "Journal of Payment Systems Law" from Sheshunoff by Legal Publisher The Federal Reserve Board published on August 19, 2005, proposed amendments to Regulation E (Electronic Fund Transfers), which implements the Electronic Fund Transfer Act, and to the regulation's official staff commentary that clarify the disclosure obligations of automated teller machine (ATM) operators with respect to fees imposed on a consumer for initiating an electronic fund transfer or a balance inquiry at an ATM. Proposed amendments to Regulation E by Federal Reserve Bulletin Content also includes coverage of established systems such as point-of-sale systems, debit cards, credit cards, ATMs, corporate, consumer and bank paper checks, cash, and electronic fund transfers. "Journal of Payment Systems Law" from Sheshunoff Information by Business Publisher	Elder-Ray Index elderly housing Elect Electing Sale election cycle election of remedies Election Period elective share Elective-Deferral Contribution electric lateral Electrical Exemption Clause electrical rough electrical trim Electronic Benefits Transfer Electronic bill payment Electronic Bill Presentment Electronic Blue Sheet Electronic Check Conversion Electronic Communication Network Electronic Communications Network Electronic Communications Privacy Act Electronic Data Gathering, Analysis, and Retrieval Electronic Data Gathering, Analysis, and Retrieval System Electronic Data Interchange Electronic depository transfers Electronic fund transfer Electronic Fund Transfer Act Electronic Funds Transfer Electronic Funds Transfer System Electronic Funds Transfer Systems Electronic Queriable Carrier Electronic Quotation Service electronic signature Electronic Wallet eleemosynary corporation Elephant Elephants elevation Eleven Bond Index Eli Lilly and Company Eligible bankers' acceptances Eligible Margin Eligible Rollover Distribution Elimination Period Eliot Spitzer Elizur Wright Elliott Wave Theory eluviation Elves Elves Index Em	Electronic Foodborne Outbreak Reporting System Electronic Foot Locker Electronic Football Pools Electronic Form Electronic Form System electronic forms Electronic Fraud Detection System Electronic Freedom of Information Electronic Freedom of Information Act Amendments Electronic Freedom of Information Act Amendments of 1996 Electronic Frontier Finland Electronic Frontier Foundation Electronic Frontier Foundation Electronic Frontier Foundation Electronic Frontier Foundation Electronic Frontier Foundation Electronic Frontier Norway Electronic Frontiers Australia Inc. Electronic Frontiers Foundation Electronic Frontiers Foundation Electronic Frontiers New Hampshire Electronic Fuel Display Electronic fuel injection Electronic fuel injection Electronic fuel injection Electronic Fuel Management System Electronic Fuel Management Unit Electronic fuel-injection Electronic fuel-injection Electronic Full-Text Sources Electronic fund transfer Electronic Fund Transfer Act Electronic Fund Transfer Act of 1978 Electronic Fundraising Company PLC Electronic funds transfer Electronic funds transfer Electronic funds transfer Electronic funds transfer Electronic Funds Transfer Act Electronic Funds Transfer Association Electronic Funds Transfer at Point Of Sale Electronic Funds Transfer at Point Of Sale Electronic Funds Transfer Payment System Electronic Funds Transfer Point of Sale Electronic Funds Transfer Point of Sale Electronic Funds Transfer Point of Sale electronic funds transfer system electronic funds transfer system electronic funds transfer system electronic funds transfer system Electronic Funds Transfer Systems Electronic Funds Transfers Electronic Funds Transfers electronic fuse Electronic game Electronic game Electronic Games for Education in Math and Science Electronic Games Queensland Electronic Gaming Business Electronic Gaming Device Electronic Gaming Experts

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References in periodicals archive

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ACH
Automated Clearing House
Automatic Bill Payment
Bank Wire
EFT
EFTPOS
Electronic Check Conversion
Electronic Fund Transfer Act
Electronic Funds Transfer System
Electronic Funds Transfer Systems
Transferencia eletronica de fundos
Transfert Electronique de Fonds
Wire Transfer

electronic benefit cards, electronic gift cards, ACH networks, point-of-sale systems, debit cards, credit cards, ATMs, paper checks, cash and electronic fund transfers as well as such related issues as privacy demands and anti-money laundering.

"Journal of Payment Systems Law" from Sheshunoff by Legal Publisher

The Federal Reserve Board published on August 19, 2005, proposed amendments to Regulation E (Electronic Fund Transfers), which implements the Electronic Fund Transfer Act, and to the regulation's official staff commentary that clarify the disclosure obligations of automated teller machine (ATM) operators with respect to fees imposed on a consumer for initiating an electronic fund transfer or a balance inquiry at an ATM.

Proposed amendments to Regulation E by Federal Reserve Bulletin

Content also includes coverage of established systems such as point-of-sale systems, debit cards, credit cards, ATMs, corporate, consumer and bank paper checks, cash, and electronic fund transfers.

"Journal of Payment Systems Law" from Sheshunoff Information by Business Publisher

Elective-Deferral Contribution

electric lateral

Electrical Exemption Clause