Business / Taxes / Electronic Funds Transfer: Electronic funds transfer (EFT) is the means by which financial institutions exchange billions of dollars every day without the physical movement of any paper money. Money moves electronically from one bank account to another, usually within 24 hours of a scheduled payment. The system covers all electronic credit and debit money transfers, including direct deposits — which occur when you authorize your employer or other payer to automatically deposit payroll into your bank account — debit card and ATM transactions, online bill payment, wire transfers, and debit transfers — or automatic deductions from your bank accounts to make regular payments. According to the US Department of the Treasury, it costs the federal government only 9 cents to issue an EFT payment as opposed to 86 cents to make a traditional check payment.
Funds Noun Synonyms: money, (hard) cash, ready money, assets, means, wealth, resources, wherewithal, savings, capital, nest egg, endowment, loot, lucre, pelf, green, bread, dough, ready, readies, lolly, bucks, scratch
Transfer Verb Synonyms: move, transport, convey, remove, carry, take, deliver, bring, transmit, cart, haul, shift, hand (on or over), turn over, give, pass (on or along or over)
Business / Taxes / Electronic Check Conversion: Electronic check conversion is a payment process in which you give a payee a check, but the actual payment is processed as an electronic funds transfer. The payment is automatically debited from your MORE
Science / Geology / Radiative Transfer: One mechanism for the movement of heat, in which it takes the form of long-wavelength infrared radiation. MORE
Business / Real Estate / Real Estate Transfer Disclosure Statement: As required by California Civil Code Sections 1102-1102.14, a transferee (buyer) of residential real property is entitled to a statement from the transferor (seller) which provides information regardi MORE