electronic funds transfer


: transfer of money from one bank to another using their computer systems
We did an electronic funds transfer.

Examples of electronic funds transfer in a Sentence

Recent Examples on the Web Ultimately, he’s informed that there’s no way to have an electronic funds transfer, or EFT, sent straight to his bank account without paying a fee. Cezary Podkul, ProPublica, 14 Aug. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'electronic funds transfer.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near electronic funds transfer

Cite this Entry

“Electronic funds transfer.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/electronic%20funds%20transfer. Accessed 20 May. 2024.

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