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An EFT, or electronic funds transfer, is a broad term covering all electronic payment methods, whereas an ACH specifically refers to the Automated Clearing House network. An ACH is a type of EFT that facilitates direct deposits and automatic payments, making it a popular choice for recurring transactions. Understanding this difference is crucial when considering your options for request for ACH debit – EFT. By choosing the right method, you can enhance your financial transactions.
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