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Thread: How long does a Standard to Standard EFT take to go through

  1. #1
    Super Grandmaster bekdik's Avatar
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    Default How long does a Standard to Standard EFT take to go through

    Is it immediate or is it next day? If the latter, why the delay?
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  2. #2
    Super Grandmaster supersunbird's Avatar
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    Mine has always been immediate...
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  3. #3
    Chrome Boy Chrome's Avatar
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    I EFT'd the Mrs. Told me it reflected like 5 minutes later when she checked her balance. I'm not married though. This was 3-4 weeks back.

  4. #4

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    Depends on when you do it and also what type of bank account.

    I've got 3 different ones and one takes forever (CC), the savings is normally 1 banking day and the cheque seems to be immediate.
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  5. #5
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    Not gospel but I'm told if there are debit/stop orders going off on that business day they take precedence, EFTs will only be effected if funds permit at end of business day.

  6. #6
    Grandmaster NomNom's Avatar
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    If it's same bank then 2 to 3 hours, if it's bank to bank then it's 2 to 3 days.

  7. #7

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    Geez, Standard Bank is really a rubbish bank then... With ABSA it's immediate, from ABSA to ABSA.

    If i transfer to another bank before 15:30, it'll show around 19:30 that same evening. For an extra R2, I tick a box, and goes through IMMEDIATELY to ANY BANK, at anytime. :-)

  8. #8
    Grandmaster
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    uuum, I think it also depends on what time the transaction is done. If it is before a certain time (not sure when but around 17:30) then the money will be in the receiving account immediately. After a certain time, it will be there the next morning.

    Credit card payments take a day to reflect :/

  9. #9

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    Usually immediate, however if you are transferring to your CC, then it takes 24 hours.

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