A prefix meaning one hundredth (1/100). Example: 1/100th of a meter is called a centimeter (there are 100 centimeters in a meter).
EFT Debits (Normal Debit Orders) EFT Debits, previously known as Magtape debits or ACB, allows a business or organisation to debit the account of their client in order to fulfil the obligations of an underlying agreement.
ELECTRONIC FUNDS TRANSFERS. 1  General. The following terms and conditions cover your and our rights and responsibilities concerning electronic fund transfer (EFT) services offered to you by Credit Union. 2  Services. VISA Debit Card. 3  Service Limitations. ATM Machines.  Secondary Users.