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What does it mean to transfer money?
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Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.
What is a wire transfer?
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A wire transfer is an electronic payment service for transferring funds by wire, for example through SWIFT, the Federal Reserve Wire Network or the Clearing House Interbank Payments System.
How to transfer balance from one credit card to another?
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A balance transfer is where you shift existing credit card debt to another card which charges a low rate of interest or even 0% interest, helping you to save money. Before You Transfer a Credit Card Balance. Make sure you keep up with all of your payments. Understand all of the terms and conditions of the balance transfer.