Electronic fund transfers (EFTs) are the movement of funds from one bank account to another, or the transfer of funds between accounts, using electronic means. EFTs may be made through a variety of methods, including automated clearing houses (ACH), wire transfers, and online banking systems. Continue Reading Below
Electronic fund transfers (EFTs) are the movement of funds from one bank account to another, or the transfer of funds between accounts, using electronic means. EFTs may be made through a variety of methods, including automated clearing houses (ACH), wire transfers, and online banking systems.