electronic funds transfer
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. Abbreviation: EFT
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Origin of electronic funds transfer
First recorded in 1970–75
Words nearby electronic funds transfer
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020