Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within the same financial institution or across different institutions, via internet or through computer-based systems and without directly dealing with the bank staff.
Online transfer is acknowledged and appreciated all over the globe because it is fast, convenient and easy. Anyone can pick or send money in no time whenever they want. There is no need to wait for bank timings and standing in long queues anymore. Furthermore, it doesn’t matter where you are, all online transfer asks for is an internet connection and here you are doing wonders. It adds on to the business by making it easier as whole transfer can be done in a few easy steps. Following are the uses and benefits of online transfer receipt.
The receipt that a person gets after the online transfer is usually a screen print of the details in your account. It shows a detailed view of whom you paid to, how much was paid to them and even when it was paid, the exact date and time. Since, this screen cannot come up without actually making the payment; it is a certain proof of your payment. The proof will show up in the statements of your account, and it is accepted that in online banking there is no equivalent of a signed receipt from the payee.
Another way of getting a receipt is when a person receives the text message after transaction or any financial activity from his account. When making payments to any recipient or above a certain amount you will be prompted to enter an SMS code to be sure about the true master of these transactions.
This makes sure that the detailed account of your every activity is made available to you and to be sure that no negative use of your account is being made.
Benefits of Online Transfer Receipt:
Some of the many benefits of having and saving the receipt of online transfer are that it is an authentication of money transferring and if you are notified of something you haven’t done, you have a proof that the transaction has been taken place, but not by you. Furthermore, your financial details are within your reach to make banking and keeping your money safer than ever before. This receipt makes sure that nothing out of order happens and keeps you assure of it.
The receipt is an important element and is best for records of the financial institution and the person himself. This should be kept safe and filed for future use and to avoid any misunderstanding arising from any problems. This receipt can prove to be vital in the audit of the financial institution of the person’s own account in future as well.
So, whenever so process your online fund, do keep the receipt with you as a proof. EFT really makes money transfer easy and tension fee.
Free Transfer Receipt Templates
Here is preview of This First Sample Transfer Receipt Template created using MS Word,
Download link for this Sample Transfer Receipt Template.
Here is preview of another Sample Transfer Receipt Template created using MS Word,
Download link for this Sample Transfer Receipt Template.
Here is preview of another Sample Transfer Receipt Template created using MS Word.
Download link for this Sample Transfer Receipt Template.
Here is preview of another Sample Transfer Receipt Template in PDF Format,
Download link for this Sample Transfer Receipt Template.
Here is preview of another Sample Transfer Receipt Template created using MS Word,
Download link for this Sample Transfer Receipt Template.
Here is preview of another Sample Transfer Receipt Template created using MS Word,
Download link for this Sample Transfer Receipt Template.
Here is preview of another Sample Transfer Receipt Template created using MS Word,
Download link for this Sample Transfer Receipt Template.