What is an Electronic Fund Transfer (EFT)? An electronic fund transfer (EFT) is fairly straightforward: It refers to the electronic transfer of money between banks, people and companies.

Millions of people use money transfer services to send money to friends, family, businesses and more. But what do you do if the money you transferred never arrives?

Be wary of scams and make sure you always know the person or business you're sending money to. Online electronic transfer services like Zelle, Cash App and Venmo allow you to send money with ...

While not as instant as electronic transfers, writing a check is still a way to transfer money between banks. When you write a check from one account to deposit into another, the funds will ...

wire transfers have become a secure and fast way to move money. Wire transfers are a direct, electronic transfer of funds between bank accounts. The term "wire transfer" dates back to when banks ...

transfer is an electronic transfer of funds made between financial institutions. It takes place through the ACH network and is a common transfer method available at banks and credit unions.