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Wiretransfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. EFTs enable seamless direct payments for operations, including payroll, taxrefunds, and recurring bills.
and also across borders. debit or reloadable prepaid cards for payment of taxrefunds, government aid, healthcare and insurance claims and payments to gig economy workers. The Metabank payments platform also includes wiretransfers, ACH origination and other payment services.
Examples include direct ACH payments for utility bills, to a friend as an alternative to wiretransfers, and to your credit card company to pay your monthly statement. ACH credit transactions can include your payroll, government benefit payments, taxrefunds, or invoiced payments for contractors.
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