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        <description>Create EFT File - FIN3700

Finance &gt; Maintenance &gt; EFT Processing &gt; Create EFT File

Electronic fund transfer (EFT) is a method of electronically transferring funds to a vendor for payment. The transfer is accomplished by creating an EFT file during payment processing. The file is then given to the local education agency's (LEA) bank to be transmitted to an automated clearing house (ACH). The ACH is a centralized, federal reserve bank that transmits the necessary data for electronically transfer…</description>
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        <description>Revise EFT File - FIN3700

Finance &gt; Maintenance &gt; EFT Processing &gt; Revise EFT File

This tab is used to edit Finance and Finance Prenote EFT files. The EFT process is completed in the logged-on file ID.

Note: Grants and Projects EFT files cannot be revised in Finance and vice versa.</description>
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