0
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.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoWell integrated routing entity - wire transfer
Electronic fund transfer - eft transfer
Add your answer:
Earn +20 pts
What is the difference between saying achi and ach sheli in Hebrew?
It means the same thing. Achi is simply a combination of "My" (Sheli) and "Brother" (Ach). It's a shortcut, if you will.
What is the difference between EFT and ACH money transfers?
Debit and ATM transactions are processed through an "EFT" (electronic funds transfer) network that is set up to verify and debit funds in real time using an encrypted personal identification number for authorization purposes; these networks are connected to ATM Machines and Point of Sale terminals running debit-card and credit-card transactions. Some privately owned EFT Networks are PLUS, Star, Cirrus, and Interlink. Electronic checks are processed through the shared ACH Network that banks use for moving money between institutions; this system does not check funds availability in real time and the authorization is based on a signature or other authenticating means, just like paper checks. Electronic checks can be returned for insufficient funds.
What is the difference between a direct loan and an EFT loan?
The two comparison items, Direct and EFT, are generally mutually exclusive. Direct loans are loans that are provided directly from a lender to the borrower without the use of a third-party. Electronic Funds Transfer (EFT) is a generic description for moving funds between computer systems. Most direct loans are disbursed to borrowers via EFT (typically into a personal checking or savings account).
Difference between ach ccd and ach ppd?
In the ACH network, a CCD is for a corporate payment - payments between companies (e.g., vendor payments, moving money between different stores in different areas of the state/country, etc). A PPD is a consumer entry - on one side or another there is a consumer account involved (e.g. direct deposit or auto-debit for a bill payment).
How do you fund gambling sites?
Someone's answer: "u gamble well okay IDK!" REAL ANSWER: Usually you transfer money into your account via ACH Payments (EFT) or by processing your credit card.
What is the full form of EFT?
electronic funds transfer (EFT)
What is EFT monitor?
An EFT server is software that is used in the electrical engineering field. EFT is an acronym for enhanced file transfer.
What is the name of a juvenile newt?
Juvenile of Newt is called an Eft
Does EFT it work?
When you say EFT are you talking about 'Emotional Freedom Techniques' ? I ask because I know EFT means other things too.
How many hours in 0.8 eft role?
First you have to know what an eft role is.
What does the acronym EFT stand for?
The acronym EFT stands for Electronic Funds Transfer.
I'm looking for free EFT techniques.?
A site that offers free EFT or emotional freedom techniques is EFT universe or tap into EFT. Both of these will give you insights and tips on the subject and allow you to sign up for the program.
