<p>EFT is the way berkeley transfers money TO your account… they do this if you have enough scholarships/financial aid/money that already covers your tuition/room/board,etc or if you overpaid. you pay tuition and such through e-bill which has a convenience fee of $0.50 or 1.00 or something.</p>
<p>EFT is free, e-bill has the convenience fee.
EFT is optional but if you get financial aid, it makes your life a lot easier. If you don’t get financial aid, there really is no point unless you overpay.</p>