What information is included in an EFT?

An Electronic Funds Transfer (EFT) is a digital transfer of money from one bank account to another, often facilitated by a computer-based system. The correct answer includes banking information and personal information. This is essential for verifying the identities of both the sender and the recipient, ensuring that funds are accurately directed to the correct accounts.

In a typical EFT, the banking information typically encompasses account numbers and routing numbers, which are necessary to complete the transaction. Personal information may include elements such as names and addresses that help to verify the parties involved in the transfer. This data is critical for securing the transaction and maintaining a clear record for both financial institutions and customers.

Other answer choices do touch on aspects related to financial transactions but do not encapsulate the core information included in an EFT. For example, while payment amount and due date, transaction confirmation and account status, or check numbers and recipient details are related to financial transactions, they are not the primary elements that define the structure and requirements of an EFT itself.