Types of Electronic Funds Transfer. For purposes of this Agreement, an electronic fund transfer (“EFT”) is a transfer of funds to or from your checking, money market, statement savings or passbook savings account. This Agreement applies if you are receiving preauthorized credits to your account, if you have arranged to have payments or transfers made to a third party from your account, if you make transfers between your deposit and/or loan accounts using our telephone transfer system, or if you conduct transactions with your ATM card or debit card.
