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Barely a couple of decades ago, there were just a few options available for transferring money from one account to another, but the rise of internet banking has given way to a bunch of different services with different names, processes, fees, and waiting times. ACH stands for Automated Clearing House Network. What Exactly is an EFT Transfer?
Routingnumbers, or ABA routingnumbers , are nine-digit codes that identify financial institutions within the U.S. This number is essential for directing funds to the correct bank during a transfer. Onlinebanking: Customers can usually find their routingnumber within their onlinebanking portal.
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