Wire Transfer Or Eft. Electronic fund transfers do not require the direct involvement of bank employees. Wire transfers can go to overseas accounts where the cash gets withdrawn almost immediately in some situations.
Wire transfer is a subset of eft and we use the term wire transfer in case of bank to bank fund transfer mainly in international dealings while eft is more used in domestic transfer. Visit us in store for the best rate. Credit cards debit cards atm cards etc are some of the best examples of wire transfer.
The electronic federal tax payment system eftps is a tax payment service you can use to make tax payments to the irs.
Save time and money. Often used by businesses to pay employees direct deposits can be pre arranged to deposit funds in. Thats why you should never use an eft to send money to someone that you dont personally know. Eft stands for electronic funds transfer.