Eft Bank Transfer. Electronic funds transfer eft electronic funds transfer is a service used to transfer funds locally between commercial banks. Please use your full name above as payee reference.
This is done by moving money between accounts held with relevant financial institutions. An electronic funds transfer eft or a direct deposit allows companies to streamline their payables and receivables for everything like invoices from service providers to employee salaries through easy payments between different users bank accounts in canada. 09 01 29 account no.
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These transfers take place independently from bank employees. It occurs through a computer based system without the need for direct intervention from an employee. This term applies when both the sending and receiving accounts are within the same financial institution and when the transfer is made between accounts held in multiple institutions. For transfers over 20000 please contact your local bank of ireland branch.