He was educated at Harrow and at Trinity College, Cambridge and then became a banker, rising to post of director of the Capital and Counties Bank by 1895, vice-chairman in 1899 and chairman by 1916.
He was educated at Harrow and at Trinity College, Cambridge, where graduated with a B.A. degree in 1852. Garfit became a banker, rising to post of director of the Capital and Counties Bank by 1895, vice-chairman in 1899 and chairman by 1916.