How long does it take to transfer money from FNB to Nedbank via EFT? It’s something that people have been asking. EFT is the money transfer mode of choice for many people in South Africa. It’s cheaper than most of the other options, but it can take longer for money to be reflected in the recipient’s account. So, when you make a transfer from FNB to Nedbank, how long will you have to wait for money to be reflected in the receiving account?
FNB to Nedbank Transfer Times
In general, it takes between 2 and 3 days for money that is transferred from FNB via EFT to be reflected in the receiving Nedbank account. That is something that you need to keep in mind before making your transfer.
Can I speed up the process?
That’s the answer to the question, “how long does it take to transfer money from FNB to Nedbank via EFT.” In fact, the time that it takes for EFT transfers between banks to be processed in South Africa is fairly standard. It doesn’t matter what bank you are using.
It will still take between 2 and 3 days for an EFT transfer to be processed. But are there steps that you can take to speed up the process once the transfer has been initiated? Perhaps it’s and emergency and you need to get the money transferred quickly.
Unfortunately, there is nothing that can be done to speed up the process of transferring money from one bank to the other once the transfer has been initiated. All that you can do is to wait for the process to take its course.
You can do an instant payment if you wish to have the transferred quickly
You are here because you wish to get the answer to the question; how long does it take to transfer money from FNB to Nedbank via EFT. We have already noted that the process is fairly standard, whatever bank you may be using.
We also noted that once you have initiated the transfer, nothing can be done to speed up the process. But can anything be done to speed up the process before the transfer is initiated?
The good news is that you can speed up the process of sending money from FNB to Nedbank through what is referred to as FNB Instant Payment. In fact, instant EFTs are available across all banks in the country.
With this option, you can pay someone in real time from your FNB account. Money is transferred directly to their bank card, as opposed to being transferred to their card.
Note that Instant EFTs attract a fee. When you carry out one using the FNB app, the amount charged is R7. Also note that there is a limit to the amount of money that you can transfer in this way. At the moment, you can only transfer up to R3000 this way.