Electronic funds transfer
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Electronic funds transfer is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.
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Bank account
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A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution s
Electronic funds transfer
…Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally…
1967 Letter from the Midland Bank to a customer, Mr. … , informing him on the introduction on electronic data processing and on account numbers for current accounts