TEF (Transferência Eletrônica de Fundos) is a Brazilian electronic funds transfer system that enables bank-to-bank transfers. It’s a widely used payment method in Brazil, providing a secure and reliable way to move funds between accounts. TEF transfers typically involve entering the payee’s bank details, including their account number and bank code. The transfer may take some time to process, depending on the banks involved.


Benefits

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Wide Acceptance

Widely accepted among Brazilian banks.

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Security

Secure payment processing with industry standard security measures.

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Reliability

Reliable method for moving funds between accounts.

Features

Bank

Bank-to-Bank Transfer

Transfers funds directly between bank accounts in Brazil.

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Payee Bank Details

Requires the payee’s bank account details to initiate the transfer.

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Processing Time

Processing times vary based on the banks involved.

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Confirmation

Confirmation of transfer is usually provided after processing is complete.