EFT – Electronic Funds Transfer

EFT – Electronic Funds Transfer. EFT allows entities to transfer funds from a account electronically. It can be used by creditors to pull funds from a customer automatically. EFT’s are efficient, immediate and easy. In modern EFT has become one of the important part of modern banking system.

  • In EFT, What E stands for? a) Easy b) Electronic
  • In EFT, What F stands for? a) Fund b) Fax c) food
  • In EFT, What T stands for? a) Time b) Tax c) Transfer

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