Electronic funds transfer

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Electronic funds transfer (EFT) is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

The term covers a number of different concepts;

See also[edit]


  1. ^ Ralph Arcari; Jackie Lewis; Edward Donnald (October 2004). "The Electronic Fund Transfer System (EFTS)". J Med Libr Assoc (Medical Library Association) 92 (4): 493–495. Retrieved 20 April 2014.