electronic transfer of funds


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electronic transfer of funds

n
(Banking & Finance) the transfer of money from one bank or building-society account to another by means of a computer link using the telephone network. Abbreviation: ETF
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The facility of electronic transfer of funds is available from 8 am to 7 pm on all working days of the week, except the second and fourth Saturdays in a month.
Shafee was referring to Real Time Electronic Transfer of Funds and Securities (Rentas) forms produced in court during Najib's trial, where Suboh had agreed with the lawyer that his signature could have been lifted and reproduced onto other documents without his knowledge.
'By collecting their phone numbers and bank details, the intention is to induce voters by electronic transfer of funds to their accounts since it will be difficult to buy votes at polling units.
This service can be accessed from a mobile phone or PC; Electronic Transfer of Funds (EFT) is a platform through which customers can send payment orders to the bank electronically.
4A does not apply to withdrawals from a bank account in cash or by check, as no receiving or beneficiary bank is involved in an electronic transfer of funds. See Fla.
At my firm, Efficient Advisors, we have updated our compliance policy: we will not accept electronic communication as the only form of communication for any electronic transfer of funds or third-party distributions.
A large percentage of computers in the country have been invaded by malware, the same intrusive software initially found to have allowed the illegal electronic transfer of funds in the Bangladesh case, IPC added.
The first decision made by the trustees was to seize all items, including the office stock and the bank accounts of the 12 companies, and to stop remittances and the electronic transfer of funds.

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