The Electronic Fund Transfer Act was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities
Banrural is a money transfer service. Some of the services they offer include: Arch Electronic Funds Transfer, Bank Electronic Funds Transfer, and sending money all across the world from the comfort of your own home.
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… Full Answer
Electronic funds transfer is a system through which a customer can transfer money to another customers account without having to physically visit the bank. For ex: if I have to give you Rs. 1000 for some reason, I can either… Full Answer
Automatic Clearing House or ACH is also more commonly known to consumers as an Electronic Funds Transfer. It allows an electronic transfer of funds from one financial institution or account to another. Enabling time saving and efficient transfers of funds… Full Answer
The fastest way to transfer funds electronically is by a CHAPS transfer, which sees the funds move instantly from one account to another. Almost all commercial and retail banks will offer this service, usually for a fee.