Electronic Funds Transfer (EFT)

The Bank handles transfer of customers' funds from one account to another account(s) in other financial institutions within the shortest possible time.

Main Features:

• Electronic transfer of funds.
• Credit transfers from customers account to accounts in other financial institutions.
• Debit transfers from other financial institutions to customers account.

Basic Requirements:

• Enough funds or credit balance in local or foreign denomination available on account for transfer.
• Names and account details of beneficiary
• Name and address of recipient Bank.

Benefits:

• Transfer of funds is faster.
• Risk associated with the physical movement of large sums of cash is avoided.
• National coverage.
• Service is cheaper