EFT Payment | What is an EFT Payment? | Definition

EFT Payment

What is a EFT Payment

Electronic Funds Transfer. These are funds transferred electronically through the Automated Clearing House (ACH).

Russell uses EFT: (a) to move money into its funds, when clients request the Automated Investment Plan option; or (b) to move money to clients, when they request Systematic Withdrawal Payments.

For over 1,000 additional terms and definitions please see our Investment Glossary Guide.

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