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    EFT (electronic funds transfer) refers to monetary transfers between different accounts via electrical signals and secured codes. These electric payments are a fairly new means of money transfer, and can be used to pay taxes, make personal, and company payments. Electronic funds transfer systems, include a large number of financial transaction systems. These include fund transfers amongst major banks and transfers among the Federal Reserve Banks through their private network. They are commonly termed as Fed Wire transfers. Other financial institutions are also encour
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    secured codes. These electric payments are a fairly new means of money transfer, and can be used to pay taxes, make personal, and company payments. Electronic funds transfer systems, include a large number of financial transaction systems. These include fund transfers amongst major banks and transfers among the Federal Reserve Banks through their private network. They are commonly termed as Fed Wire transfers. Other financial institutions are also encou
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    e personal, and company payments. Electronic funds transfer systems, include a large number of financial transaction systems. These include fund transfers amongst major banks and transfers among the Federal Reserve Banks through their private network. They are commonly termed as Fed Wire transfers. Other financial institutions are also encou
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    n systems. These include fund transfers amongst major banks and transfers among the Federal Reserve Banks through their private network. They are commonly termed as Fed Wire transfers. Other financial institutions are also encou
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    heir private network. They are commonly termed as Fed Wire transfers. Other financial institutions are also encouraging the use of EFT. ACH-Debit and Credit departments honor the use of EFT.

    EFT permits ISA+ payees to authorize direct premium payments from their bank accounts. This is feasible for the government as well as account holders. It is a time saving system, and charges to clear EFT payments are lower than check clearance costs. They reduce the requirement of writing checks and bank processing charges, ease record keeping and eliminate postage fees. EF

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