Pumps' Perplexities

Electronic Funds Transfer......This system of transferring money,
I suspect, started between financial institutions......It is the new
electronic system which is basically a "chit".....There is NO direct
transfer of 'hard cash', just the transfer of numbers and electronic
IOUs......

This system is all well and good for the big money players, but they
are now promoting its use for the everyday consumer......
Bare in mind the EFT only works with people who have their
financial house in order......By using it you save = A Stamp, Your
Valued Time and It Is Convenient......

To start one of these EFTs you sign an approval notice to have
some company take money out of your bank account.....The bank
does not get involved in the transaction.....Should there be any
problems, it is between your the bill collector......If you want the
bank to 'step in', on a problem, it will cost you $30.00......And
while you set up a transfer with an 'approval' some companies
do not provide a 'cancellation' document......

This EFT transaction is ALL YOUR RESPONSIBILITY.....Need
I say more......Beware......Pumps