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Electronic Funds Transfer EFT Form 470 4202 Iowa Department Ime State Ia

Electronic Funds Transfer EFT Form 470 4202 Iowa Department Ime State Ia

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Instructions and help about Electronic Funds Transfer EFT Form 470 4202 Iowa Department Ime State Ia

what is EFT it is not possible to use deposit money directly also the transferee must have an account with the same Bank the transfer means sending the deposit money from one account to another with the same Bank it is not possible to transfer the deposit money between two accounts with different banks all banks have standalone systems a transaction between two banks also affects banks accounts with the central bank EFT is the name of the transfer transaction between two banks central bank payment system can be used in working hours on weekdays retail payment system is used for small amount transactions between two accounts with the different banks

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