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.
Instant EFT. Internet bank transfers without the two day wait. Click for more. Your customers can make an electronic funds transfer (EFT) with SAâs four biggest banks: ABSA, FNB, Nedbank or Standard Bank, using a uniquely generated reference number.Clicking the 'verify' button checks if the online banking transfer was made.No proof of payment needed.our customers can make an electronic funds transfer (EFT) with SAâs four biggest banks: ABSA, FNB, Nedbank or Standard Bank, using a uniquely generated reference number. Clicking the 'verify' button checks if the online banking transfer was made. No proof of payment needed.