electronic funds transfer
noun
: 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.
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Cezary Podkul, ProPublica, 14 Aug. 2023
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
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“Electronic funds transfer.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/electronic%20funds%20transfer. Accessed 25 Apr. 2024.
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