What is Considered an Electronic Funds Transfer
Debit Card Withdrawals Debit card withdrawals are a type of electronic funds transfer (EFT) that involves using a debit card to withdraw money from an account at an ATM or other point-of-sale (POS) terminal. Characteristics of Debit Card Withdrawals Initiated by the cardholder Typically involve a PIN or signature for verification Funds are immediately deducted … Read more