THE CHALLENGES OF ELECTRONIC FUNDS TRANSFER ON THE STUDENTS OF FEDERAL POLYTECHNIC DAMATURU (A CASE STUDY OF FEDERAL POLYTECHNIC DAMATURU, YOBE STATE)

ABSTRACT The students gets the highest level of satisfaction using electronic fund transfer and when electronic fund transfer is patronized, it will encourage transaction among students in the Federal polytechnic Damaturu. It will also increase the level of conducting financial transaction between students easily and it will not be fully adopted if it is not made safe and secure by the banks surrounding the polytechnic. It is indeed no doubt, electronic funds transfer will increase the level of satisfaction if it is fully adopted and if banks within the premises of the Federal Polytechnic Damaturu will continue to introduce electronic funds transfer as one of the means of performing transaction, surely the financial service patronage of the banks will be increased as students will massively patronizes the service. Also, electronic funds transfer installed at different location within the university do not provide huge and sufficient financial transaction to all and that not all students have fully embraced electronic funds transfer services. Electronic funds transfer services through the provision of electronic funds transfer do not increase the level of financial needs of the students and it does not decreases the rate of services rendered by banks to the students and banks charges while using electronic funds transfer do not affects the rate of the need of performing transaction but transfer of funds between students is very easily and quickly with the aid electronic funds transfer.