Electronic Fund Transfer is an electronic mode of transferring money from one bank account to another, which may be within the same financial institution or across different institutions through computer-based systems. The best thing about Electronic Fund Transfer is that it involves the direct intervention of bank staff or authority.
- Please be aware Electronic Funds Transfer Deposits can take up to 5 business days to reach your Ausfinex AUD account.
- The Reference number must be provided as a transaction description as shown for funds to be credited to your account.
- Electronic Funds Transfer Payments must be made from a debit account held in your own name. Payment from accounts in different names will not be processed.
- Depositing more than your daily limit will result in the deposit not being processed, and the money being returned. Contact Ausfinex support@ausfinex.com to increase your daily limit.