Last Updated on September 21, 2023 by ufiling
The time it takes for an Electronic Funds Transfer (EFT) to arrive can vary depending on several factors. Here are some considerations that can affect the transfer time:
- Bank processing time: Banks typically process EFT transactions within specific timeframes. The processing time can range from a few hours to a couple of business days, depending on the bank and the specific circumstances.
- Weekends and holidays: If the EFT is initiated on a weekend or a public holiday, it may experience delays in processing. Banks often have limited or no processing capabilities during these periods, which can prolong the transfer time.
- Cut-off times: Banks usually have cut-off times for processing EFTs. If the transfer request is submitted after the cut-off time, it may not be processed until the following business day, which can delay the arrival of funds.
- Intermediary banks: For international EFTs, the transfer may involve one or more intermediary banks. These banks handle the transfer of funds between the sending and receiving banks. The involvement of intermediary banks can introduce additional processing time and potential delays.
- Verification and security checks: Financial institutions have security measures in place to protect against fraud and ensure compliance with regulations. Sometimes, transfers may be subject to additional verification or security checks, which can extend the overall processing time.
It’s important to note that the speed of EFTs can also depend on the specific policies and systems of the banks involved in the transfer. To get accurate information about the expected arrival time for an EFT, it’s best to contact your bank or the sending institution, as they can provide specific details based on the transaction and their processing timelines.
Top 15 Online Courses and Degrees to improve your employability
Technology and Computer Science Online Courses and Online degrees:
– Computer Science 101 Online Course from Stanford University through edX is a beginner-friendly course that introduces the core concepts of Computer Science, available for free with an option for certification for a fee.
– Programming for Everybody Online degree — Getting Started with Python** by the University of Michigan on Coursera is intended as an entry-level coding class, freely accessible with an optional paid certificate.
Web Development: Online Courses and Online degrees
– Introduction to HTML offered by Codecademy covers HTML basics for free, with advanced options available through paid upgrades.
– Dash by General Assembly is a free course that teaches HTML, CSS, and JavaScript through hands-on project learning.
AI and Data Science: Online Courses and Online degrees
– Introduction to Big Data Online Courses provided by the University of San Diego via Coursera delves into the fundamentals of big data, available at no cost with a certificate available for an extra charge.
– Machine Learning Online Degrees by Stanford University on Coursera is a broad course on machine learning, data mining, and statistical pattern recognition, free to access with optional certification.
Business and Management: Online Courses and Online degrees
– The PG Diploma in Data Science Online Course from IIIT-B focuses on a variety of programming languages and tools and is developed in partnership with leading industry players.
– A Business Analytics Certification Online degree draws attention especially for those targeting analyst and managerial roles, covering essential tools for analytics and data visualization.
Cloud Computing: Online Courses and Online degrees
– The Advanced Certification in Cloud Computing is targeted at engineering graduates looking to fill roles such as Cloud Developer or Cloud Architect.
Project Management and Software Development: Online Courses and Online degrees
– Online degrees in Project Management from leading universities incorporate essential management concepts and business communication.
– The MSc. in Computer Science Online degree from Liverpool John Moores University provides the same level of quality and exposure as on-campus degrees through an 18-month online format.
Cybersecurity: Online Courses and Online degrees
– The Advanced Certificate Programme in Cyber Security by upGrad and IIIT-B offers an in-depth learning experience over 12 months, combining content hours, projects, and live sessions.
Platforms Offering Diverse Learning Opportunities: Online Courses and Online degrees
– FutureLearn offers accelerated courses, microcredentials, and professional certificates across multiple fields with various payment options including subscriptions.
– Coursera partners with over 275 universities and organizations worldwide, offering a wide range of degrees and professional certificates.
– Udacity specializes in IT and technology courses, with nanodegrees and programs designed in collaboration with industry leaders.
– Codecademy focuses on coding and programming, providing free learning opportunities in various coding languages with additional professional development programs.
These courses and degrees are designed to equip individuals with in-demand skills across various sectors, enhancing employability and providing valuable certifications. Whether interested in technology, data science, business, or other areas, these online resources offer flexible and comprehensive ways to learn and advance in your career.