EFT
4 synonyms for EFT, grouped by meaning and by how common each one is.
Noun — The movement of money from one bank account to another by computer, without paper cheques or cash changing hands.
Synonyms
Rare, literary or technical
Precise, but they will stand out — check the sense before using one.
Synonyms by Meaning
1. noun
The movement of money from one bank account to another by computer, without paper cheques or cash changing hands.
“Wages are paid by EFT on the last working day of the month.”
2. noun chiefly British, regional
A small newt, especially a young one in the stage of its life when it lives on land rather than in water.
“Bright orange efts crossed the damp path after the rain.”
How to use EFT
The word patterns that sound natural to a native speaker.
The payment sense is standard in banking and business; the newt sense is rare and mostly rural or literary.
Etymology
In the banking sense an initialism of electronic funds transfer. The amphibian sense is a separate and much older word, Old English efeta; 'newt' developed from it when 'an ewt' was misheard as 'a newt'.
Full origin of EFT →