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.
how do I set up electronic funds transfer
No. GIRO is a automatic funds transfer feature that is commonly used in Singapore. US has similar electronic funds transfer options that happen automatically but it is not called a GIRO. It is called a Direct Deposit.
Cash alternatives for redemption at TD Ameritrade include electronic funds transfer (EFT), wire transfer, check, and direct deposit.
Paul A. Carrubba has written: 'A Practical Guide to U.C.C. Article 4a Funds Transfer' 'Remote deposit capture' -- subject(s): Check collection systems, Electronic funds transfers, Electronic funds transfers equipment industry
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.
There is no difference, they're interchangable and both simply stand for the process of electronically automating a scheduled direct deposit, payment, or transfer of funds.
how long for elctronic transfer of funds
National Electronic Funds Transfer
National Electronic Funds Transfer.
electronic funds transfer (EFT)
Thomas F. Horan has written: 'Electronic payment systems' -- subject(s): Electronic funds transfers 'Electronic funds transfer systems' -- subject(s): Electronic funds transfers
EFT stands for Electronic Funds Transfer. It is a facility using which customers can transfer funds from one bank account to another without having to write/issue/receive/deposit Cheques. Everything happens electronically through internet banking without use of paper instruments. In India we have two types of EFT available: a. National Electronic Funds Transfer - NEFT for small amounts b. Real Time Gross Settlement - RTGS for large amounts