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Deferred electronic funds transfer (TEF)
Owner and operator Cecoban, S.A. de C.V.
Description This service allows payments among customers of different banks to be made electronically. Customers can place orders at their own banks for a fund transfer to any third party holding a bank account at any bank. The transfer can be made on the date t+1 or t+2 for any amount. TEF operations are settled at SICAM.
Participants

Banks authorized in Mexico and certified by Cecoban can provide TEF services.

Pricing

Settlement is made by SICAM.

TEF fees are established by Cecoban.