Electronic Funds Transfer (EFT) With electronic funds transfer (EFT), government agencies can pay and collect money electronically, without having to use paper checks. EFT is safe, secure, efficient, and less expensive than paper check payments and collections. Each time the government pays by check, it costs $1.03 (just over a dollar).
Definition of overhead. 1  1 : business expenses (as rent, insurance, or heating) not chargeable to a particular part of the work or product. 2  2 : ceiling; especially : the ceiling of a ship's compartment. 3  3 : a stroke in a racket game made above head height : smash.
  An overhead is a cost that is not directly related to the production of a specific good or service but that is indirectly related to the production of several goods or s â¦ ervices. For example, the cost of maintaining an office or factory-lighting, heating etc.found this useful. Thobekile Banda. Overhead are costs that are indirectly related to the sales process. For example, the cost of electricity in a factory is an overhead cost in the production of toys.