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.
MWEFederal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary
Classifications
Entity Type
Process75%llm-generatedllm:claude-haiku-4-5
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Sensitivity
Regulated85%llm-generatedllm:claude-haiku-4-5
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Information Class
Pci60%llm-generatedllm:claude-haiku-4-5
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Variants
- plural
- Electronic funds transfer (EFT)S
- possessive
- Electronic funds transfer (EFT)'s
- pluralpossessive
- Electronic funds transfer (EFT)S'