electronic fund transfer的意思|示意

Electronic Fund Transfer (EFT)is an electronic payment system allowing individuals to transfer money from one bank account directly to another without the physical exchange of money. It is an electronic form of payment that enables the transfer of funds from one bank account to another. EFT helps businesses and individuals move money from one account to another quickly and easily.

For individuals, EFT is usually a convenient, safe and efficient way to transfer money between bank accounts. It is often used to send money to family members or friends living in different parts of the world. EFT transfers are generally secure, as the money is transferred directly from one account to another, as opposed to a paper check.

For businesses, EFT is an important tool for managing their finances. Companies can use EFT to pay employees, pay for services, or even to receive payments from customers. EFT eliminates the need for paper checks and can streamline the process of making payments. EFT payments can also be automated, allowing businesses to schedule payments with greater control and accuracy.

Overall, EFT is an efficient and secure way to transfer money from one account to another, whether you are an individual or a business. With the use of EFT, you can quickly and easily move funds from one account to another.