Money is automatically drawn from the buyer's account and deposited into the supplier's account in an electronic funds transfer (EFT).

Name: Money is automatically drawn from the buyer's account and deposited into the supplier's account in an electronic funds transfer (EFT).
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

This is how an electronic funds transfer works, with money being automatically transferred between accounts without the need for physical checks or cash.

Money Is Automatically Drawn from the Buyer's Account and Deposited