Electronic funds transfer (EFT)
nounverified·updated May 9, 2026
A generic term describing any transfer of funds between parties or depository institutions through electronic data systems.
Framework senses
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- A generic term describing any transfer of funds between parties or depository institutions through electronic data systems.
- §1 · legacy_primary
- A generic term describing any transfer of funds between parties or depository institutions through electronic data systems.DR-088 backfill from the noun definition column