electronic funds transfer

nounverified·updated May 9, 2026

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The use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one's own account to deposit in a creditor's.

Framework senses

2 senses across 2 frameworks

FFIEC IT Examination Handbook - Audit, April 20121 senseview framework →

§1: The use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one's own account to deposit in a creditor's.

Legacy lexicon import1 senseview framework →

§1 · legacy_primary: The use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one's own account to deposit in a creditor's.
DR-088 backfill from the noun definition column