{"id":5809,"date":"2022-10-10T21:15:43","date_gmt":"2022-10-10T21:15:43","guid":{"rendered":"https:\/\/fullformfactory.com\/?p=5809"},"modified":"2022-10-10T21:15:43","modified_gmt":"2022-10-10T21:15:43","slug":"eft-full-form","status":"publish","type":"post","link":"https:\/\/fullformfactory.com\/eft-full-form\/","title":{"rendered":"EFT Abbreviation"},"content":{"rendered":"

Looking for EFT abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of EFT in various groups like Business, Medical, Job Title, Academic & Science, Transport & Travel, and Sports.<\/p>\n

FullFormFactory is the largest source of abbreviations generated in different ways using AI and verified by our community. You can see all the abbreviations in different categories popularity-wise followed by the most popular abbreviation of EFT in the image.<\/p>\n

Popular abbreviations of EFT:<\/h2>\n

Searching for EFT abbreviation \/ EFT full form leads to different results in different categories. The below table illustrates the popular acronyms among them.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
Term<\/th>\nAbbreviation<\/th>\ncategory<\/th>\n<\/tr>\n
EFT<\/td>\nElectronic Funds Transfer<\/td>\nBanking<\/td>\n<\/tr>\n
EFT<\/td>\nEmotional Freedom Technique<\/td>\nTreatments & Procedures<\/td>\n<\/tr>\n
EFT<\/td>\nEmotionally Focused Therapy<\/td>\nPsychiatry & Mental Health<\/td>\n<\/tr>\n
EFT<\/td>\nEquivalent Full Time<\/td>\nJob Title<\/td>\n<\/tr>\n
EFT<\/td>\nEmbedded Figures Test<\/td>\nExams & Tests<\/td>\n<\/tr>\n
EFT<\/td>\nExcess Fare Ticket<\/td>\nLand Transport<\/td>\n<\/tr>\n
EFT<\/td>\nEarliest Finish Time<\/td>\nSports<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\"eft-full-form\"<\/div>\n

You can download this image and share it on social media. If you are a website owner, you can add appropriate citations to use this EFT full form, meaning image.<\/p>\n

What does EFT mean?<\/h2>\n

EFT is the short form for Electronic Funds Transfer<\/strong>. It is a mode of payment digitally from one bank account to another. It is termed direct since it involves transferring the payment directly into the bank account, independent of any intermediary without the requirement of any documentation.<\/p>\n

It is one of the easiest modes of payment and with the advent of the internet to the local masses, EFTs have gathered much support. They have been preferred over other modes of payments such as offline bank transfers or checks.<\/p>\n

Process of EFT<\/h2>\n

EFT is preferred today simply because of the ease they provide to the customers. It is a fairly simple process that involves raising a payment request by the sender from the sender’s bank account through payment gateways. Through these gateways, the payment reaches the bank account of the receiver in a matter of seconds, while some payments may take a working day.<\/p>\n

Various EFT modes<\/h2>\n

EFT comprises a variety of payment methods such as:<\/p>\n