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| Definitions by InvestorWords.com |
| What is...? |
| electronic account transfer An electronic transfer which is facilitated through the Automated Customer Account Transfer (ACATS) service. The ACATS Service is a national system that automates procedures for the transfer of assets in a customer account from one brokerage firm and/or bank to another. The expected completion time for an electronic transfer in good order is ten business days. |
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