Can I do an EFT from a savings account in the US? If so what information is required?
There are many types of transactions that are grouped under the heading "Electronic Fund Transfer" (EFT). Whether or not you are able to complete a particular type of EFT from a U.S. bank's savings account is a question you need to put to the specific bank involved. The bank will need to know the type of transfer, whether it will be a one-time or recurring event, where the funds will be transferred, etc.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
There are many types of transactions that are grouped under the heading "Electronic Fund Transfer" (EFT). Whether or not you are able to complete a particular type of EFT from a U.S. bank's savings account is a question you need to put to the specific bank involved. The bank will need to know the type of transfer, whether it will be a one-time or recurring event, where the funds will be transferred, etc.
