EFT

What does EFT stand for?

Electronic funds transfer

An acronym that stands for the electronic exchange of money from one account to another; applies to credit or debit card transactions, wire transfers, electronic bill payments, and direct deposits.

Example

"A scheduled an EFT from my checking account for Thursday afternoon."

Related Slang

Usage

Last Updated: March 2, 2015

EFT definition

This page explains what the acronym "EFT" means. The definition, example, and related terms listed above have been written and compiled by the Slangit team.

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