EFT definition

EFT means Electronic Fund Transfer, also known as Direct Debit or BACS payment. “Fees” means the fees for Services as specified in Customer’s Service Order. “Term” means the applicable Initial Term or any subsequent renews thereof.

Examples of EFT in a sentence

  • The Contractor shall include EFT banking information on the invoice only if required elsewhere in this contract.

  • EFT banking information is not required if the Government waived the requirement to pay by EFT.

  • If the Government makes payment by EFT, see 52.212-5(b) for the appropriate EFT clause.

  • The vendor may apply for EFT through our web site's CFO Page (referenced above) which provides the link to Ohio Shared Services.

  • The Offeror also shall enter its Electronic Funds Transfer (EFT) indicator, if applicable.


More Definitions of EFT

EFT means an electronic funds transfer to the Australian bank account nominated by the Eligible Claimant via the Resolution Confirmation Form (defined further below) and in accordance with these Terms and Conditions;
EFT means electronic funds transfer transactions.
EFT. The acronym for electronic funds transfer.
EFT means Electronic Funds Transfer; a system of transferring money from one bank account to another, without paper money changing hands. An example is Credit Card switching transactions
EFT means the Electronic Fund Transfer system allowing for transfer of payment in Turkish Liras;