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.
See below for information on how to opt-in. Also, see the section called What You Need to Know about Overdrafts and Overdraft Fees for more information.* An âeverydayâ debit card transaction is any one-time, nonrecurring transaction using a debit card.