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.
EFT returns can take twice as long as debit card returns. Keep in mind banks only process transactions Monday through Friday. Any transactions processed Friday night (after 5-6pm) won't actually start processing at the bank until moday (in my experience debit card refunds take 2-5 business days at my bank). I hope that helps!