Updated 31.08.2022

FNB to Capitec Bank Transfer Time

FNB is an old South African bank, with its roots tracing back to the Eastern Province Bank, formed in Grahamstown in 1838. Today, FNB operates as a division of FirstRand Bank Limited, an Authorized Financial Services and Credit Provider (NCRCP20). As a financial institution, the bank provides corporate, commercial, business, private, and personal banking services to millions across South Africa. On the other hand, Capitec is the leading digital bank in South Africa, with over 10.1 million digital banking clients. In addition, the bank has been named the third biggest banking brand in the world. Their innovative banking solutions, Global One, enabled over 16 million customers to insure, save, transact, and access credit in real time without much hassle. FNB has over 840 branches and more than 13,500 employees serving South Africans.

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How Long Does it Take to Transfer Money From FNB to Capitec Bank?

Transferring money from FNB to Capitec bank takes longer than transferring money between Capitec bank accounts. The transfer can take up to 48 hours before the money reflects in your Capitec bank account. In extreme cases, the money may take up to three days to reflect in your account after being transferred by eft from FNB.

The time of day you transfer the money, will determine the speed your money will arrive in a Capitec account. Transactions processed after 1600H get processed the next day. For instance, if you transfer the money after official working hours, it will be processed the following day. Therefore, the total time may be up to 48 hours, counting from when the transfer was processed. Most banks will update you on the effective date when the money will be transferred. If you want quicker transfer, then you will have to initiate the transfer process earlier in the day during working hours.

How Long Does it Take to Transfer Money During the Weekends and Holidays?

If you transfer money during holidays or weekends, it might take longer than three days to reflect in your Capitec bank account. This is because Saturdays are not considered valid banking days. As such, transfers made after 1600H on Friday will be processed on Monday. If there isn’t an emergency, try not to transfer money during weekends or public holidays. However, if you have to, the most convenient way to go around it is by using an immediate payment method. This will cost extra money, usually not more than R20, but your money will reflect in your Capitec bank account within 60 seconds of the transfer and not 48 hours.

Unlike the traditional EFT method, which takes up to 2 working days to complete, FNB pay and clear transactions take only 60 seconds to reflect. Clients may experience delays when the transactions cannot be batch processed, but the delays don’t normally take more than 60 minutes.

How do I Get Immediate Money from FNB to Capitec?

To make the transfer using the FNB app:

  • Tap transact
  • Tap payments
  • Choose the beneficiary and tap pay
  • Enter the payment detail
  • Tap immediate payment
  • Enter your remote PIN to confirm.

Making an FNB to Capitec bank transfer is easy. However, you have to wait a while before receiving cash on your Capitec bank account.


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