With the immediate pay and clear option enabled/ticked, the FNB to Capitec transfer time is less than 5 minutes from my experience making payment using my App.
This guideline dissects and intersect every cloudy details you need to know on the various transfer times from Saturdays, Sundays, Monday, Tuesdays, Wednesdays, Thursdays and Friday when you make transfer from FNB to Capitec.
In 2022, Capitec retains its position as the most popular bank with the largest customer base of 19 million clients and FNB came in distant 4th position with 9.06 million customer base according to Statista; however, the irony is that these two South African banks enjoys a robust intrabanking financial transactions in terms of daily cash flow.
This guidelines looks at their efficiencies , cost and charges of transferring money from FNB to Capitec and their varying transfer time.
Furthermore, a comprehensive breakdown on how these transfers are done is explicitly discussed with their various channels.
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FNB To Capitec Transfer Time
The honest truth is that it depends on whether you made the payment or transfer instantly or normal; I will explain everything you need to know on how long does it take to transfer money from FNB to Capitec.
1. Immediate Pay And Clear Option
FNB has an immediate pay and clear option. I have an FNB cheque account and most of my transactions are done on the App.
- On The App:
When you make payment or transfer money from FNB to Capitec using the FNB, it is instantly i.e. the recipient gets credited immediately. In worst case scenario, it may delay but not more than 5 minutes from my experience.
- Online ( EFT):
When you make an electronic fund transfer ( EFT) from FNB to Capitec and you chose the ‘ immediate pay and clear’ option, the money is done instantly, taking not more than 5 minutes to show in the Capitec account of the recipient.
- Use of FNB Card
Making use of your FNB card on an ATM to make payment to a Capitec account takes less than 5 minutes for the money to reflect in destination account in as much you chose the immediate pay and clear option.
And as a friendly reminder, the immediate pay and clear option for the three above methods is R7!!
In addition, it does not matter whether it was done on Saturdays, Sundays, Monday, Tuesdays, Wednesdays, Thursdays or Friday, in as much as you chose the immediate pay and clear options, it takes less than 5 minutes to reflect in the Capitec account.
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2. Normal FNB Payment To Capitec
As is typical of all banks in South Africa doing intra transactional payment and transfers, it takes within 24 hours for payment to clear.
One of the most trending question is how long does it take for payment from FNB to Capitec?
The following time frame applies for the three channels:
- Use of FNB App
It takes within 24 hours if you make normal payment without the immediate pay and clear options.
- Online ( EFT)
Electronic payment ( EFT) from FNB to Capitec without the immediate pay and clear takes within 24 hours for it to clear. The best option is just to use the immediate pay and clear for just R7.
- Use of FNB Card
The same applies, going to the ATM to make the transfer or payment takes approximately anytime within 24 hours.
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How Long Does it Take to Transfer Money During the Weekends and Holidays?
This is an important question and the following are the answers:
- FNB App To Capitec: With the immediate pay and clear options, it takes not more than 5 minutes when you transfer or send money on weekends or holidays
- Use of online internet banking ( EFT): Not more than 5 minutes to transfer from FNB to Capitec on weekends and holidays
- FNB Card: It takes less than 5 minutes likewise.
However, if you make transfer without the immediate pay and clear options on weekends and holidays, it takes 24-36 hours for it to clear.
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