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Preauthorized Electronic Fund Transfers

2 topics · 3 sources

Banking

An EFT authorized in advance to recur at substantially regular intervals.

The Office of the Comptroller of the Currency — Dictionary of Banking Terms and Phrases
Office of the Comptroller of the Currency, U.S. Department of the Treasury — Dictionary of Banking Terms and Phrases retrieved 2014-05-16

Business› Finance

Personal Finance

An EFT authorized in advance to recur at substantially regular intervals.

National Credit Union Administration — Pocket Cents Glossary retrieved 2014-05-16