Terms Used In CFR > Title 48 > Chapter 28 > Subchapter E > Part 2832 > Subpart 2832.11 - Electronic Funds Transfer

• Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) ^{Source: OCC}