Electronic Funds Transfer (EFT) is a disbursement system that uses a telephone or computer to transfer cash from one location to another.

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Electronic Funds Transfer (EFT) is a system that allows for the transfer of funds from one location to another electronically, typically using a telephone or computer. It is a widely used method for direct deposit of paychecks, as well as for the payment of bills or as a method of transferring money between bank accounts.

Electronic Funds Transfer (EFT) Is a Disbursement System That Uses