How Safe Is My Money
Electronic Funds Transfers (EFTs) from your bank account commonly referred to as debits or drafts are very safe. Not only are your funds insured by the FDIC but also by the Electronic Funds Transfer Act (Regulation E) which states you cannot ever have an unauthorized debit as you must receive consideration for all debits or the originating bank will refund your money. EFT is the safest money in the world. There is no risk.