Which of the following is NOT a form of electronic funds transfer?

• A. Cash
• B. ACH transfer
• C. Wire transfer
• D. Debit card payment.

Answer: (D)

Electronic funds transfer means moving money from one account to another using electronic systems. Cash is physical money exchanged directly between people, so no electronic transfer happens. ACH transfers and wire transfers are classic electronic movements between banks through their networks, and debit card payments also rely on electronic networks to move funds from the payer’s account to the merchant’s account at the point of sale. Because of that, cash is the only option that is not a form of electronic funds transfer.