English version


From Longman Dictionary of Contemporary EnglishEFTEFT /ˌiː ef ˈtiː/ noun [countable, uncountable] technical  the abbreviation of electronic funds transferFrom Longman Business DictionaryEFTEFT noun [countable, uncountable] BANKINGCOMPUTING (Electronic Funds Transfer) the process of moving money from one bank or credit card account to another using a computer or a machine such as an ATM, or money moved in this way
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