EFT definition

EFT means electronic funds transfer;

EFT means electronic funds transfer.

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

• With the agreement of the majority of the employees, the employer may elect to pay wages weekly by electronic funds transfer (EFT) to up to two accounts of the employee’s choice.

• With the agreement of the majority of the employees, the company may elect to pay wages weekly by electronic funds transfer (EFT) to up to two accounts of the employee’s choice.

• PROMPT PAYMENT DISCOUNTS (PPD): Commonwealth payments are issued through EFT 45 days from invoice receipt.

• If you fail to maintain the security of these access codes and the Credit Union suffers a loss, we may terminate your EFT services immediately.

• Each joint account owner is authorized to act for the other account owners, and the Credit Union may accept orders and instructions regarding any EFT transaction on any account from any joint account owner.

More Definitions of EFT

EFT means electronic fund transfer.

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 means the Electronic Funds Transfer system managed by the Canadian Payments Association.

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. The acronym for electronic funds transfer.

EFT means the Electronic Fund Transfer system allowing for transfer of payment in Turkish Liras;