Electronic Fund Transfer definition

Electronic Fund Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone or other electronic device capable of communicating with such financial institution, wire transfers, and automated clearinghouse transfers.

Electronic Fund Transfer means the electronic method of disbursing proceeds of an Education Loan on behalf of an Eligible Student as set forth in an agreement entered into by the Authority, acting by its duly authorized officer, the Servicer and the Trustee.

Electronic Fund Transfer means any transfer of funds, other than

Examples of Electronic Fund Transfer in a sentence

• In the event a use of Your PIN constitutes an Electronic Fund Transfer, the terms and conditions of Your Electronic Fund Transfer Agreement may also affect Your rights.

• Please refer to the Consumer Liability section of your Electronic Fund Transfer Disclosure for our liability policy.

• Except where the federal Electronic Fund Transfer Act and/or Regulation E applies to a transaction, and imposes other terms that are not permitted to be varied by contract or agreement, you agree to indemnify and hold the Bank harmless from any liability, cost, expense, or damages that the Bank may incur as a result of acting upon Instructions or implementing transactions which bear your User ID and Password.

• We may accept on your behalf payments to your account which have been transmitted through one or more Automated Clearing Houses, and which are not subject to the Electronic Fund Transfer Act.

• Generally, these are wire transfers or transfers through an automated clearing house that are not otherwise governed by the Electronic Fund Transfer Act, but other types of transfers may be covered.

More Definitions of Electronic Fund Transfer

Electronic Fund Transfer or “EFT” means “any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, or computer or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account.” 15 U.S.C. § 1693a(7).

Electronic Fund Transfer. (EFT) means a transfer of funds by electronic means. The term EFT includes all Point-of-Sale transfers, ATM transfers (deposits and withdrawals), direct deposits, electronic payments, transfers initiated by telephone, by a computer terminal (“Web Banking”), wire transfers and transfers conducted over an Automated Clearing House network (“ACH”). • “PIN” refers to the personal identification number you chose to use to identify yourself when using your card.

Electronic Fund Transfer means the electronic movement of funds from the City’s main bank account to the different suppliers’ bank accounts in the same or different banks, through the use of wire transfer, automatic teller machines or computers but without the use of paper documents.

Electronic Fund Transfer means any mode of electronic fund transfer recognized by RBI including but not limited to RTGS, NEFT and fund transfer from and to accounts of the same bank.

Electronic Fund Transfer means any form of transfer of funds by electronic means other than inter-bank GIRO or telegraphic transfer;

Electronic Fund Transfer means any transfer of funds, other than a transaction originated by cheque, draft or similar paper instrument, which is initiated through an Electronic Terminal, telephonic instrument, point-of -sale Terminal, stored value card Terminal, debit card, ATM, computer magnetic tape or any other electronic device so as to order, instruct, or authorize a Financial Institution or any other company or person to debit or credit an Account;

Electronic Fund Transfer means bank transfer (e.g. credit transfer, debit transfer), payment card (debit card, credit card and charge card), electronic money (e-money), privately-issued digital assets (e.g. crypto- assets, stablecoins) and Central bank digital currency (CBDC).