EFT (Electronic Funds Transfer)
A full range of EFT (Electronic Funds Transfer) services are available to all members. This means that each credit union account has now its own sort code, unique eight digit account number, BIC and IBAN.
As a result members can have social welfare, child benefit, pensions and other payments sent directly to their credit union account. The credit union can also transfer money to other financial institutions and utility companies on a member’s behalf, thereby reducing cash transactions and increasing security for members.