What is an electronic funds transfer (EFT)? 17 March 2022 18:43 EFT is a payment option for eRegistration where funds can be taken directly from a bank account of your choosing. Related articles I have submitted my registration to land titles. How will I know when it has been processed and completed? What will you send back to me following registration? How can I pay for a file submitted through eRegistration? How often is the LTO deposit account balance updated in eRegistration? If I provide more funds than I need for a service or registration what happens to the extra money?