How Much is Instant Payment at FNB?
How much is instant payment at FNB? That’s a question for which a lot of FNB customers in South Africa have been looking for answers. FNB is one of the biggest banks in the country. You are here because you have a payment that you would like to have go out quickly. Under normal circumstances, it can take between 24 and 48 hours for payments to reflect in the other person’s account. FNB immediate payments are the solution, but how much do you need to pay for them?
How much is FNB Pay and Clear?
The FNB instant payment fee is R7 per transaction for payments that are below R3000. It means FNB is one of the most affordable banks in this regard. This fee applies across the board.
How to make an FNB instant payment
In this article, we answered the question how much is instant payment at FNB? We noted that a lot of people are looking for information regarding this. Normal payments take time, and if you wish to make an immediate payment, you will have to take the instant payment option. The following is how to make an FNB instant payment;
- Log into the FNB app on your phone.
- Go to Payments.
- Click on FNB Pay.
- Fill in the required details.
- Choose the Instant pay option.
- Confirm your choice and complete the transaction.
How soon will someone get their money?
That’s the answer to the question how much is instant payment at FNB. We have already noted that this is a convenient facility. But how long does a person who has made an instant payment need to wait before they receive the money.
We noted that under normal circumstances, you need about 48 hours for a payment to be cleared. But with instant payment, clearance is immediate in most cases. That’s true if the money is being send to participating banks. The following are the participating banks;
- Standard Bank
- Absa
- Nedbank
- Capitec
- Discovery
- Investec
- African Bank
- TymeBank
- alBaraka
- HBZ Bank
- Bidvest Bank
- Sasfin Bank.
Here are the FNB private wealth card requirements
Summary
In this article we answered the question how much is immediate payment at FNB. It was noted that immediate payments are great in that they allow money to be transferred to other banks quickly and easily. Instead of waiting days for a payment to be cleared, clearance in this regard happens either immediately or within a few minutes.
Learn how to get an additional FNB card