Home > Glossary > Electronic Transfer Account (ETA)
Meaning / Definition of
Electronic Transfer Account (ETA)
Categories: Retirement and Pension, Banking,
Federally-insured electronic funds account authorized by the us treasury to individuals receiving federal payments, such as social security benefits, Veterans administration benefits and Railroad Retirement Fund benefits. Funds are received only through direct deposit and can only be transferred through ATM, debit card or other electronic means.
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