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What does it mean to transfer money?
Asked by unknown
1 Answers
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?
Asked by unknown
1 Answers
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 often can money transfer service be used?
Asked by unknown
1 Answers
It can be used as much as required, provided that the daily limit is not exceeded and there are enough funds in the account.