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.
Automatic deduction from checking account - You can choose to have your monthly premium payments automatically deducted from your checking account using the Electronic Funds Transfer (EFT) process. EFT is safe, convenient and saves you money on postage.