electronic funds transfer

nouncandidate·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

1 sense across 1 framework

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.