Electronic Funds Transfer (EFT) is a digital payment method that enables the electronic movement of funds between different accounts. It allows individuals, businesses, and financial institutions to send and receive money electronically, eliminating the need for physical checks or cash payments. EFT has become a fundamental aspect of modern banking, revolutionizing the way we conduct […]

Typically, you must have an agreement with your bank or credit union to make these transfers. Eventually, pay by bank became a staple for B2Bs because it allows for clear paper trails. Consumers have also begun using electronic checks instead of the paper version to pay their bills. What is pay by bank? ACH payments […]