What is the Standard Bank to Standard Bank transfer time? How long does it take for a EFT to go through from one Standard Bank account to another. In South Africa, EFTs to other banks generally take between 1 and 3 days. So, what’s the time that you can expect to wait when sending money within the same bank? This information is relevant, considering that Standard Bank is the biggest bank in the country in terms of capitalization. A lot customers within the bank transfer money via EFT.
How long for an EFT from Standard Bank to Standard Bank?
The Standard Bank to Standard Bank transfer time is between 0 and 24 hours. You can expect money to reflect within the receiving account within a day. However, the transfer times may be longer if the EFT is initiated on or towards a weekend. The same applies for transfers that happen towards public holidays.
Can transfers be made faster?
That’s the Standard Bank to Standard Bank EFT time. As we noted in the introduction, EFTs to other banks take up to 3 days.
Internal EFTs, on the other hand, a faster. We have noted a number of people complaining online about not getting their money immediately when carrying out this type of transaction.
It’s something that you will have to account for. EFTs, even internal ones, are not immediate. You need to wait a couple of hours to have the money cleared.
According to Standard Bank, the delays are meant to cut down on fraud. However, they can be frustrating if you wish to make some payment. Perhaps you want to pay your doctor or another person. It would be good to have immediate internal payments.
In this article, we gave you the Standard Bank to Standard Bank transfer time. It was noted that Standard Bank is the biggest bank in South Africa when it comes to capitalization. Internal EFT transfer generally go through faster than those that are made to accounts that are held with other banks.