Electronic Funds Transfer is where the funds are automatically withdrawn from your account.  There are several options for this.  The funds can be withdrawn: 

• Weekly--Withdrawn on Mondays
• Semi-Monthly--Withdrawn on the first and third Monday of each month
• Monthly--Withdrawn on the first Monday of each omnth
• Monthly---Withdrawn on the third Monday of each month

To set up the Electronic Funds Transfer, a voided check for the account which withdrawals will be made from needs to be submitted. 

All withdrawals will be made on the indicated day unless it is a non-banking business day in which case the withdrawal will take place on the next banking business day.