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Introduction
Welcome to the EFT GOLD™ User’s Guide. This user's guide provides a brief overview of EFT GOLD and explains how to use it.
EFT GOLD is a complete browser-based wire program developed by FPS GOLD that is easy to use and can be customized to your needs. With the appropriate security, you can use EFT GOLD to create, view, edit, and print the details of wire transfers.
Wires cannot be posted to a retirement account. Wires can be processed on certificate accounts to transfer the principal balance of the certificate and close the account. The wire amount must be the balance in the account net the wire fee. If interest penalties or withholding are applicable, they must be processed first. Wires can be created by your customers on your bank website for checking and savings accounts.
EFT GOLD uses the Federal Reserve Bank’s Fedwire® Funds Service. Wire transfers are sent to and received from the FRB in a matter of minutes. Before wires are sent or received, they will go through your institution's custom rules, approval and submission process, and OFAC checks.
This software has an OFAC whitelist feature, custom bank rules, alert customization, group wire limits, user wire limits, customizable reporting, two-factor authentication, and other customizable settings for your wire processes. Wire options, limits, custom rules, Autopost, and security must be set up before you begin using this product.
EFT GOLD is protected by a security system. See Setup for more information.
