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 mag- netic tape, for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an ac- count. The term includes, but is not limited to, Automated Clearing House and Fedwire transfers.
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.

Examples of Electronic Funds Transfer (EFT in a sentence

  • The PMSA will be reimbursed via Invoice package submission to the IGSAM office; GFEBS Miscellaneous Payment Voucher processing by POM Resource Management Office; and Electronic Funds Transfer (EFT) payment via the DFAS-IN Disbursing Office.

  • Such wages will be paid by Electronic Funds Transfer (EFT), unless otherwise agreed.

  • All Vendors entering into a BOA with the Authority are requested to accept payment for merchandise via Electronic Funds Transfer ("EFT"): Vendors with PO's are not required to accept EFT.

  • SCHEDULE 1 SALARY SCHEDULE The rates in Schedule 1 are inclusive of 17½% Annual Leave Loading and the Electronic Funds Transfer [EFT] Allowance of $4.00 per week previously paid in accordance with the ENERGEX SEPL and SPARQ Solutions Certified Agreement 2005.

  • All wages shall be paid fortnightly by either Electronic Funds Transfer (EFT) or cheque at the option of the Authority.


More Definitions of Electronic Funds Transfer (EFT

Electronic Funds Transfer (EFT means a computerized transaction that withdraws or deposits money from or to a bank account.
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 any transfer of funds, other than a transaction originated by cash, check, or similar paper instrument, that isinitiated through an electronic terminal, telephone, computer, or magnetic tape, for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account. The termincludes, but is not limited to,Automated Clearing House and Fedwire transfers.
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 (XXX) records for identifying alternative EFT accounts (see subpart 32.11) for the same entity. “Registered in the System for Award Management (XXX)” means that—
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
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.