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.
If you decide to use EFT, keep these tips in mind: 1  Take care of your ATM or debit card. Know where it is at all times; if you lose it, report it as soon as possible. 2  Choose a PIN for your ATM or debit card that's different from your address, telephone number, Social Security number, or birthdate.