An Electronic Funds Transfer (EFT) is a simple, automatic way of transferring money from one bank account to another. An EFT is often used for credit transfers, such as payroll payments, and debit transfers, such as mortgage payments. Another very common form of EFT is Direct Deposit, used by your employer to deposit your payroll straight into your bank account.
At Educators Financial Group, no service is too small. Just ask; we’d be more than happy to set up an EFT for you. You might also consider asking one of our financial specialists about how an EFT and a Pre-Authorized Contribution Plan can go hand in hand.
