Business Day Electronic Fund Transfer Act (EFTA) Wire Transfer 
EBizCharge
JUNE 3, 2024
The significance of EFT transfers lies in their ability to facilitate immediate access to funds on nearly any given business day. This immediate access is essential for both individuals and businesses to manage cash flows , make timely payments, and maintain financial stability.
Stax
JULY 9, 2024
ACH payments use sender and recipient banking account information to process transactions in one-to-three business days through the ACH network and have a lower cost than wire transfers (another EFT payment type). One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978.
Payment Savvy
NOVEMBER 9, 2022
Wire Transfer. A wire transfer may be the best option if you need to send or receive a large sum of money quickly. A wire transfer is an EFT payment method made through the SWIFT network. Wire transfers are secure and fast, but there are fees involved that make them unsuitable for small payments.
Expert insights. Personalized for you.
52 
Let's personalize your content