Electronic Funds Transfer (EFT) Agreement: what does it allow?

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Multiple Choice

Electronic Funds Transfer (EFT) Agreement: what does it allow?

Explanation:
An EFT Agreement is a signed authorization to electronically withdraw funds from your bank account (via ACH) so TriNet can cover payroll processing and related charges. This is why it best fits: the agreement grants permission for TriNet to debit your bank account, not to deposit funds into it. It isn’t about sending salaries to employees, scheduling payroll dates, or consenting to benefit enrollment, which are separate processes.

An EFT Agreement is a signed authorization to electronically withdraw funds from your bank account (via ACH) so TriNet can cover payroll processing and related charges. This is why it best fits: the agreement grants permission for TriNet to debit your bank account, not to deposit funds into it. It isn’t about sending salaries to employees, scheduling payroll dates, or consenting to benefit enrollment, which are separate processes.

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