FNB to FNB eft did not clear immediately

[adamr]

An FNB to FNB Eft was done last night and the funds till now has not cleared. This was a transfer done from a fnb business account to a normal retail client fnb account. Downloaded the pop, money came off the fnb business account.

When trying to verify the eft off fnbs website the following error occurs. Can anyone shed light on this

 

[P00HB33R]

Exact same thing happened to me a while ago. The payment cleared after about 24hours.

 

[P00HB33R]

I also notice that the online banking system is offline this morning. Might be part of the issue.

 

[halfmoonforever]

interaccount transfers can take up to 24 hours to clear, most goes through instantly

 

[adamr]

Well it would be great if someone from Fnb could reply to me and tell me this is the issue

 

[adamr]

interaccount transfers can take up to 24 hours to clear, most goes through instantly

Usually the hold is a security feature to make sure no fraud is occurring

 

[Dolby]

It's annoying ; someone from MyBB just buys something from me and even though we the same bank, I have to say it hasn't reflected. It effects the collection as I won't part with it before money reflects

 

[Gtx Gaming]

Happen to me other day also ,hope this is not a regular thing.

 

[adamr]

I can confirm it is a security hold. As a safety precaution they sometimes hold the funds back... They then should follow up with a phone call to you verifying if you did in fact make that payment. One is the time and size of the amount that usually triggers this

 

[Dolby]

Anyway to speed it up?

 

[Jzeequeen]

Usually the hold is a security feature to make sure no fraud is occurring

True that.

 

[adamr]

unfortunately ... if you do see a delay between an FNB to FNB transfer, you need to call your banker and instruct them to release the funds. Note the private suite is open till 7pm ... so that helps

Ideally they suppose to phone you and ask if they should release the funds

 

[Saman]

unfortunately ... if you do see a delay between an FNB to FNB transfer, you need to call your banker and instruct them to release the funds. Note the private suite is open till 7pm ... so that helps

Ideally they suppose to phone you and ask if they should release the funds

Thanks for the advice. It seems to have done the trick

 

[adamr]

Thanks for the advice. It seems to have done the trick

Not a problem

These guys suppose to phone us to verify these payments not us chasing behind them.

 

[RichardG]

interaccount transfers can take up to 24 hours to clear, most goes through instantly

This might be a new banking rule enforced with all the fraud happening. Normally I would transfer money to another bank during offive hours would reflect after 5 hours now I am noticing takes a day to reflect

 

[zerocool2009]

I have seen this a lot ... even with accounts in my own name.

Rule 1, never move money around after 7 or 8pm (within accounts). That will take longer than 24 hours to show.
Rule 2, don't move money around on a Sunday (That will only show the Tuesday).

This is just experience that I got doing EFT's within accounts. Not even talking paying or receiving EFT's

 

[blunt]

I have seen this a lot ... even with accounts in my own name.

Rule 1, never move money around after 7 or 8pm (within accounts). That will take longer than 24 hours to show.
Rule 2, don't move money around on a Sunday (That will only show the Tuesday).

This is just experience that I got doing EFT's within accounts. Not even talking paying or receiving EFT's

indeed, same experience here, quite annoying

 

[ice_cubes]

This might be a new banking rule enforced with all the fraud happening. Normally I would transfer money to another bank during offive hours would reflect after 5 hours now I am noticing takes a day to reflect

Its because of the pyramid schemes that are popping up everywhere...Ppl move large amounts from one account to the next within minutes - usually after hours. On a daily basis. This feature was introduced to try control that situation.