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EFT stands for Electronic Funds Transfer, and it is a way to transfer money electronically from one bank account to another. In this case, "Her Bank Account" refers to the account belonging to the person initiating the transfer.
To use EFT from Her Bank Account, the person must have online banking set up with their bank and know the recipient's bank account information. They can then log into their online banking account, enter the necessary details, and initiate the transfer. The money will be deducted from their bank account and deposited into the recipient's bank account.
Yes, EFT from Her Bank Account is generally considered safe. The transaction is processed through the bank's secure online banking system, and the recipient's bank account information is required to initiate the transfer. It is important to ensure that all personal and financial information is kept secure and not shared with anyone.
Many banks do not charge a fee for EFT from Her Bank Account, but it is best to check with your specific bank to confirm. There may be fees for international transfers or transfers to non-bank accounts.
The processing time for EFT from Her Bank Account can vary depending on the banks involved and the time the transfer is initiated. It can typically take anywhere from 1-3 business days for the transfer to be completed. It is best to check with your bank for specific processing times.