Eft full form: – Electronic Fund Transfer

EFT Full Form – Electronic Fund Transfer or EFT is, as the name suggests, an electronic mode of transfer of money. In this, money is transferred from one account to another electronically or digitally. Explore the full form of EFT ( Electronic Funds Transfer ), its types, history, advantages, global usage, and future trends in this comprehensive article. EFT stands for Electronic Funds Transfer, a method of transferring money electronically from one bank account to another. Learn about the types of EFT , such as direct deposit, electronic checks, phone payments, and more, and their advantages over traditional methods. Electronic Funds Transfer ( EFT ) is an umbrella term that refers to a number of different transfer methods: [2] Automated Clearing House (ACH) payments processed through the ACH network and not through traditional card networks.