Electronic Funds Transfer (EFT): The electronic exchange (transfer of money ... authorization and accounting information are provided and accompany any EFT payment instructions. The Business Center ...

Since an electronic funds transfer is quick ... Transfers can take anywhere from 24 hours to eight business days, and there may be a hold on the funds, depending on the bank.

In the broadest sense, any electronic transfer of funds might be described as a wire transfer. More specifically, a wire transfer is an electronic transfer of funds from a bank or credit union to ...

Only the Board of Trustees acting through a directed certificate approved by the Assistant Secretary and the Senior Vice President for Business and Finance ... payments to a U.S. bank via electronic ...