Electronic Funds Transfer (EFT)
Electronic Funds Transfer (EFT) is the process of transferring money between two bank accounts without any physical money changing hands. For example, a form of EFT is direct deposit, where your paycheck is automatically transferred to your bank account.
Sparkrock 365 includes a predefined list of formats that you can use out of the box. Additional formats are available for download.
To learn more about the Sparkrock 365 EFT functionality, in the following table, select the links.
| To | See |
|---|---|
| Learn how to set up EFT, including about the available formats that are available for download. | Set up Electronic Funds Transfer (EFT) |
| Learn how to process EFT payments. | Processing Electronic Funds Transfer (EFT) payments |
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