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What is an 820 transaction in regards to an electronic funds transfer?
Wiki User
∙ 9y ago
An 820 Transaction in regards to an Electronic Funds Transfer is the software program that starts the transfer process. An 820 Transaction and the EFT are actually the same thing.
Wiki User
∙ 9y ago
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Why does float exist and what effect would electronic funds transfer systems have on float?
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What is NEFT payment system stands for?
NEFT stands for National Electronic Funds Transfer This is a method used for transferring funds across banks in a secure manner. It usually takes 1 - 2 working day for the transfer to happen.
What is cot cove for rbi UK to India transfer?
The cot code for RBI, Reserve Bank of India, to transfer funds from the UK to India is not available online. You will need to contact the financial institution directly for the cot code to complete a transaction.
How muct time does it take to transfer money from YES bank to ICICI bank?
It depends on how you transfer the money. If you are using NEFT (National Electronic Funds Transfer) it will usually take one business day and if you are using RTGS (Real Time Gross Settlement) it will take usually one to two hours.
Who was the inventor of BACS electronic transfer of funds system between banks?
The inventor of the Bankers' Automated Clearing Services (BACS) was Dennis Gladwell. It was started in 1968 as a way to set up electronic bank transfers between banks, eliminating the need for paper documents.
Is Electronic Funds Transfer require a deposit slip?
No. Electronic Funds Transfer does not require a deposit slip. All electronic transactions are initiated through the banks website and is completed in a paperless fashion. The bank might print out daily or monthly transaction lists but for a single transaction, no paper slips are required.
What do you call a business transaction that occurs over an electronic network such as the Internet?
Electronic funds transfer (eft)... Within the network of Ecommerce, or an Ebrokerage...
how do I set up electronic funds transfer?
how do I set up electronic funds transfer
How long does it take transfer money from Mauritius to England by bank?
That depends - on how fast the transaction is processed by the bank in Mauritius. One the transaction is approved - electronic movement of the funds is almost instantaneous.
Eft stands for?
According to Finance EFT stands for: 1. Exchange Traded Funds, investment fund traded on stock exchanges, much like stocks. 2. Electronic funds transfer, a type of financial transaction
How long for electronic fund transfer to take place?
how long for elctronic transfer of funds
Full form of NEFT?
National Electronic Funds Transfer
What is the full form of NEFT?
National Electronic Funds Transfer.
What is the full form of EFT?
electronic funds transfer (EFT)
What has the author Thomas F Horan written?
Thomas F. Horan has written: 'Electronic payment systems' -- subject(s): Electronic funds transfers 'Electronic funds transfer systems' -- subject(s): Electronic funds transfers
In bank process what is meant by NEFT?
National electronic funds transfer.......
What is NEFT code?
NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer service that is available for the citizens of India to transfer funds electronically from one bank to another. All banks have a unique NEFT code using which the bank name and the branch can be identified. Whenever you initiate a funds transfer request using NEFT, the NEFT code of the bank which is supposed to receive the funds is mandatory.
