Which of the following statements applies to an electronic funds transfer system (EFTS)? 

A. The medical assistant must sign up for EFTS with the bank.
B. The money is available to the employee the day after the deposit.
C. The need for an employee check stub is eliminated.
D. Employee bank account numbers are not needed for EFT transfers.
E. The employee does not have to worry about losing the paycheck.

E. The employee does not have to worry about losing the paycheck.
When employees are paid using an EFTS, the money is available on the day of the deposit, and employees do not have to worry about losing a paycheck or getting to the bank before it closes.