What is the EFTS?
The Electronic Fund Transfer System (EFTS) is a national electronic payments and transactions system that interconnects all retail banks in Bahrain, their customers (Retail and Corporate) and Bill Originators.
The EFTS aims to enhance the efficiency of fund transfers and bill payments; enabling banks, individuals, corporate and Government entities to benefit from this important project. These new services are accessible through the banks' various channels such as branches (for Retail Banking only), internet banking and mobile banking.
EFTS will enhance and streamline the movement of funds in Bahrain across all sectors which shall promote a more efficient and proactive banking sector.
What are the services of EFTS?
There are 3 main services of the EFTS, which are as follows:
How to use the service?
HSBC has launched Phase 1 which covers all Inward payments and will be launching Phase 2 that covers Outward payments, as follows.
Retail Banking / corporate customers can use EFTS Outward payments services post Phase 2 launch, by visiting the banks' branches or through internet banking (retail and corporate) or mobile banking application.
For any questions, please contact your Relationship Manager, nearest branch or our call center.