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An HR Glossary for HR Terms

Glossary of Human Resources Management and Employee Benefit Terms

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Electronic Funds Transfer (EFT)

What is Electronic Funds Transfer (EFT)?

Electronic Funds Transfer (or EFT) is generally used in the context of the electronic remittance of federal/state taxes. It also refers to select wire transfers of money (benefits, certain vendors, etc.) made by the Treasurer.

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