Electronic Funds Transfer (EFT) definition
Electronic Funds Transfer (EFT) means any approved method of transferring moneys permitted by N.J.A.C. 5:30-9A.1 et seq. that does not involve the physical presentation of a paper check, draft, or similar paper instrument including, but not limited to, wire transfers, e-checks, automated clearing house (ACH) transfers, and transactions initiated by phone or fax.
Electronic Funds Transfer (EFT) means any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, that is initiated through an electronic terminal, telephone, computer, or magnetic tape, for the pur- pose of ordering, instructing, or authorizing a financial insti- tution to debit or credit an account. The term includes Automated Clearing House transfers, Fedwire transfers, and transfers made at automatic teller machines and point-of-sale terminals. For purposes of compliance with 31 U.S.C. 3332 and implementing regulations at 31 CFR Part 208, the term “electronic funds transfer” includes a Governmentwide com- mercial purchase card transaction.
Electronic Funds Transfer (EFT) means a computerized transaction that withdraws or deposits money from or to a bank account.
Examples of Electronic Funds Transfer (EFT) in a sentence
The Employer shall make the dues and other applicable deductions from the employees’ paychecks and remit such itemized deductions to the Union via Electronic Funds Transfer (EFT) within five (5) business days of each payday.
Disbursements under this Agreement will be made by Electronic Funds Transfer (EFT).
The County, at its sole discretion, has determined that the most efficient and secure default form of payment for goods and/or services provided under an agreement or contract with the County shall be Electronic Funds Transfer (EFT) or direct deposit, unless an alternative method of payment is deemed appropriate by the Auditor-Controller (A-C).
OCCU will mail (or email, if you have agreed to the E-Sign disclosure) notice to you at least thirty days before the effective date of any Electronic Funds Transfer (EFT) change, as required by law.
Rent payment owed by Resident pursuant to this Lease and not paid by Allotment or UDEFT will be payable by personal check, certified check, cashier check, Electronic Funds Transfer (EFT), or money order at the address specified on Page 1.
More Definitions of Electronic Funds Transfer (EFT)
Electronic Funds Transfer (EFT). Means Any transfer of funds, other than a transaction originated by check, draft or similar paper instrument, that is initiated through an electronic terminal, telephonic instrument or computer or magnetic tape so as to order, instruct or authorize a financial institution to debit or credit an account “E.O. 5O” Means Executive Order No. 50 (April 25, 1980), as amended or revised from time to time. “Employment Report” Means Required by Executive Order No. 50, these reports are to be completed and submitted to the Owner in the form annexed as Part VI of the IFB for this Contract. “Endorsements” Means Endorsements to Insurance Policies required under the Contract, as described in greater detail in Appendix B.
Electronic Funds Transfer (EFT) means the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems and without the direct intervention of bank staff. ‘EFTPoS’ or ‘EFTPoS Terminal’ means electronic Funds transfer at Point of Sale and refers to the electronic equipment, electronic system, communications system and software provided by or on behalf of BSP or any third party for use with your Card and PIN and or signature to conduct an EFT Transaction and includes, but is not limited to an automatic teller machine, or point of sale terminal.
Electronic Funds Transfer (EFT). A transfer of funds initiated through an electronic terminal, telephone, computer (including online banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a Deposit Account.” “Joint Account With Rights of Survivorship (JWRS): Upon the death of the Primary Account Holder or Joint Account Holder(s), the deceased person’s interest in the Joint Account becomes the property of the surviving account owner(s).” “Joint Account Without Right of Survivorship (JWORS): Upon the death of the Primary Account Holder or Joint Account Holder(s), the deceased person’s percentage of ownership interest in the Account as specified on account opening documentation (or if not specified in account opening documentation the deceased owner’s percentage of ownership interest will be equal to the other account owner’s or owners’ interest), becomes the property of the Payable on Death (“POD”) designee(s) or if there is no POD designated, it becomes the property of the deceased account owner’s estate upon death.”
Electronic Funds Transfer (EFT) indicator” means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management (▇▇▇) records for identifying alternative EFT accounts (see subpart 32.11) for the same entity. “Registered in the System for Award Management (▇▇▇)” means that—
Electronic Funds Transfer (EFT) means the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems and without the direct intervention of bank staff.
Electronic Funds Transfer (EFT) means a method of making financial payments, from one party to another, through a series of instructions and messages communicated electronically, via computer, among financial institutions. It also means any transfer of funds (other than a transaction originated by check, draft or similar paper instrument) that is initiated through an electronic terminal, telephonic instrument, and computer to authorize a financial institution to debit or credit an account.
Electronic Funds Transfer (EFT) means any approved method of transferring moneys permitted by N.J.A.C. 5:30-9A.1 et seq. that does not involve the