EFT

What does EFT stand for?

Electronic funds transfer

An acronym that stands for the electronic exchange of money from one account to another; applies to credit or debit card transactions, wire transfers, electronic bill payments, and direct deposits.

Example

A scheduled an EFT from my checking account for Thursday afternoon

Related Slang

CCCredit card
PlasticCredit card
ARAccounts receivable
CDCertificate of deposit
USDUnited States dollars
ATMAutomated teller machine
BreadMoney
CabbagePaper money
Dead PresidentsMoney

Categories

Financial Terms
Updated March 2, 2015

EFT definition by Slang.net

This page explains what the acronym "EFT" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.

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