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Wire Transfer vs Electronic Transfer

EBizCharge

EFTs typically include digital payments such as direct deposits, ATM transactions, and credit and debit card payments. EFTs operate through a sophisticated electronic network, which allows financial institutions like banks and credit unions to communicate and transfer funds to each other. What are the different types of EFTs?

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What Is an Electronic Check?

Payment Savvy

With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. As an eCheck comes in an electronic format, it requires fewer steps to process it. Do E-Checks Process on Weekends?