<P> According to the Electronic Fund Transfer Act an Electronic funds transfer ( EFT ) is : a funds transfer initiated through an electronic terminal , telephone , computer ( including on - line banking ) or magnetic tape for the purpose of ordering , instructing , or authorizing a financial institution to debit or credit a consumer 's account . </P>
<P> According to the Electronic Fund Transfer Act an Electronic funds transfer ( EFT ) is : a funds transfer initiated through an electronic terminal , telephone , computer ( including on - line banking ) or magnetic tape for the purpose of ordering , instructing , or authorizing a financial institution to debit or credit a consumer 's account . </P>
what is the meaning of electronic fund transfer
what is the meaning of electronic fund transfer
a funds transfer initiated through an electronic terminal , telephone , computer ( including on - line banking ) or magnetic tape for the purpose of ordering , instructing , or authorizing a financial institution to debit or credit a consumer 's account .
a funds transfer initiated through an electronic terminal , telephone , computer ( including on - line banking ) or magnetic tape for the purpose of ordering , instructing , or authorizing a financial institution to debit or credit a consumer 's account .