The EFT deposit and payment utilities allows deposit and payment details entered into WinMAGI to be quickly and easily downloaded into a standard A.B.A. format bank file ready to be imported into your online banking software. Any deposit or payment details that have yet to be processed will be picked up by the update. You can therefore create the banking files on a weekly basis or simply as required. Validation processes ensure that the details included in the A.B.A. bank files will pass the online banking checking.