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Sparkrock's Customer Success Center

Electronic Fund Transfers Overview

Electronic Funds Transfer (EFT) is the process of transferring money between two bank accounts without any physical money changing hands. For example, Direct Deposit (where your paycheck is automatically transferred to your bank account) is a form of EFT.

The system comes with a predefined list of formats in the demonstration company that you can use out of the box. Additional formats are available for download in the EFT Export Formats section of this document.

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