ACH vs. EFT Payments: What’s the Difference?
Payment Savvy
NOVEMBER 8, 2022
An EFT, or rather an Electronic Funds Transfer, is a type of digital payment between banks or banking institutions of a very broad description and is used by private individuals and businesses alike. Using your debit card to buy groceries or withdraw cash from an ATM is technically an EFT in the broader sense.
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