Electronic Funds Transfer (EFT): The electronic exchange (transfer of money from one bank account to another), either within a single financial institution or across multiple institutions, through ...

An online account is typically funded by either direct deposit or electronic funds transfer, which can be facilitated at account opening. Learn More How to Open a Checking Account Online How do ...

Fact checked by Timothy Li Reviewed by Margaret James Back in 1871, if someone wanted to transfer money to another person, ...

For outgoing payments to a U.S. bank via electronic funds (wire) transfer, complete the Domestic Electronic Funds Transfer (EFT) Request form and a Direct Payment Request form. The forms require ...