Home » Banking » What does EFT mean in Banking?

EFT in Banking Meaning

The EFT meaning in Banking terms is "Electronic Funds Transfer". There are 3 related meanings of the EFT Banking abbreviation.

EFT on Banking Full Forms

  1. Electronic Funds Transfer Electronic funds transfer (EFT) is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.
  2. Electronic Fund Transfer
  3. Electronic Fund Transactions

Frequently Asked Questions (FAQ)

  1. What does EFT stand for Banking?

    EFT stands for Electronic Fund Transactions in Banking terms.

  2. What is the shortened form of Electronic Funds Transfer in Banking?

    The short form of "Electronic Funds Transfer" is EFT for Banking.

Citation

EFT in Banking. Acronym24.com. (2022, March 7). Retrieved December 23, 2024 from https://acronym24.com/eft-meaning-in-banking/

Last updated