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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).
What else can I help you with?
What is the difference between EFT and ACH?
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.
Can i pay my mercedess benc car payment on line?
Find the bank or loan company where you loan is established and set up an account. You should be able to pay EFT and online.
What are the payment methods used in EFT?
Electronic Funds Transfer (EFT) primarily utilizes several payment methods, including direct deposit, wire transfers, and electronic checks (e-checks). These methods allow for the electronic movement of money between bank accounts without the need for physical checks or cash. Additionally, EFT can encompass online payment services and mobile payment platforms, enabling convenient transactions for both individuals and businesses. Overall, EFT enhances efficiency and security in transferring funds.
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.
What does the acronym EFT stand for?
The acronym EFT stands for Electronic Funds Transfer.
How many hours in 0.8 eft role?
First you have to know what an eft role is.
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.
What is the relationship between EFT, PComb, and their impact on financial transactions?
EFT (Electronic Funds Transfer) and PComb (Payment Combination) are both methods used in financial transactions. EFT involves the electronic transfer of funds between accounts, while PComb combines multiple payment methods to complete a transaction. Together, they streamline and secure financial transactions by providing efficient and flexible payment options.
What is the difference between EDI and EFT?
EDIEFTIt stands for Electronic Data Interchangeit stands for Electronic Funds TransferIt is referred to as without involving thephysical movement of paper instruments.it enables account to paperless trading.account funds transfer
