Send and Receive ACH for Free! Learn More. Call us for instant ACH approval: (408) 775-7720

Electronic Fund Transfer

Electronic Fund Transfer or EFT is a digital payment from a bank account. These transfers take place independently of the bank employees. As a digital transaction, Electronic Fund Transferring does not require paper documents to transfer money to another account.

Transfer money, one-time or recurring via Direct Deposit, ACH, RTP, and eChecks without any transaction fees. You can use our check printing software or our mobile application to pay and receive payments anytime using the internet.

In addition, pay and receive checks, eChecks, and ACH with no transaction fees. And send checks by mail with our $1 check mailing service through USPS. Also, Online Check Writer provides you with an online banking service named Zil Banking. Open a free business checking account with Zil to transfer money instantly, send free ACH, Wire, and Checks by mail.

Electronic Fund Transfer

Online Check Writer

Key figures

1M

Users

4,000+

New Customers a Week

50,000+

Transactions per Week

EFT Payments

Online Check Writer offers you different methods for Electronic Fund Transfer. Every EFT method provides fast and easy delivery. Create and send eChecks instantly to the payee via email and SMS. Your payee can receive checks and print them on blank white papers or blank stock papers to deposit into their account. At the same time, ACH Direct Deposit transfers money directly to your payee’s account. ACH transactions take an extra day or two to transfer the amount due to bank verification for security.

EFT Payments
Benefits of EFT

Benefits of EFT

Electronic Fund Transfer saves you much money compared to paper checks. EFT is a fast, reliable, and effective cost solution to save money for businesses. While pre-printed paper checks consume a lot of money and time, you can transfer eChecks, ACH, and Direct Deposits with a low effort and time on our platform without any transactions fees. Moreover, EFT reduces the risk of mailing checks like mail loss and interception of checks by transferring through a digital platform.

FREQUENTLY ASKED QUESTIONS

How long does electronic fund transfer take?

Electronic Fund Transfers (EFT's) take one to four days. Some EFT's are sent and received on the same day.

What is the electronic fund transfer act?

Electronic Fund Transfer Act (EFTA) is a federal law protecting consumers when they transfer funds electronically, including debit cards, ATM's and automatic withdrawals. EFTA provides a way to correct transaction errors and limits the liability from lost or stolen cards.

How do electronic fund transfers work?

Electronic Fund Transfers work by moving money electronically from one account to another over a computerized network. EFT's require both sender and receiver to have bank accounts. Send EFT using Online Check Writer.

Is electronic fund transfer safe?

Electronic Fund Transfer is extremely safe and fast. Payment information is encrypted with 128-bit SSL and sent through secure communication channels.

Electronic Fund Transfer vs Wire Transfer

Electronic Fund Transfers occur within the same bank or between banks whereas, a wire transfer occurs through a network of banks or transfer agents.

Online Check Writer - Cloud Based Platform
Fintech Software
RATING: 4.6 ( 10164 ratings )
Price: $5/Month

REVIEWS FROM ESTEEMED CUSTOMERS

Here are some precious reviews from our customers. We are pledged to make your life simple with all our features.

As HR manager, I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork. The Check Book feature on OCW makes it easy for me to search! The logs are very helpful for me.
Online Check Writer has made my life easy. Now I can print all the checks on Blank Check Paper from numerous companies and export from my QuickBooks as well. I don’t have to keep track and change the pre-printed check papers.

Being a contractor I always have to give checks ahead in many situations and keep report and notes. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Frank Czar

Bimal Daftari

Travis Copeland

As HR manager, I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork. The Check Book feature on OCW makes it easy for me to search! The logs are very helpful for me.

Frank Czar

Online Check Writer has made my life easy. Now I can print all the checks on Blank Check Paper from numerous companies and export from my QuickBooks as well. I don’t have to keep track and change the pre-printed check papers.

Bimal Daftari

Being a contractor I always have to give checks ahead in many situations and keep report and notes. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Travis Copeland