The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ELECTRONIC TRANSFER Definition & Legal Meaning

Definition & Citations:

Online process of moving any funds from any one account to any other account. It can take various forms, including a retail purchase by credit or debit card, or bill paying automatically scheduled online, or even as simple as moving money between an individual’s various accounts, like from savings to checking.

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