Maximum amount I can EFT from my Capitec Account?

[marco79]

What is the maximum amount I can EFT from my Capitec Savings account?

Do I need special authorization? Do I increase my limit in at a branch?

I know with ABSA the maximum is default R50k. I cant seem to see my maximum on the Capitec banking app.

 

[newklear]

R100,000 or you would need to call in.

 

[Tun@]

I know with ABSA the maximum is default R50k

Maybe but you can just change it in your daily limits (online)

 

[ArmatageShanks]

R100,000 or you would need to call in.

What happens if you don't? Does the transfer not get processed?

 

[HavocXphere]

Why would there be a limit?

 

[newklear]

What happens if you don't? Does the transfer not get processed?

A lot depends on your existing profile and limits set in place. Your max limit is R100k, for anything more you need to call in and either increase your daily limit or make it permanent.

 

[NeonNinja]

Why would there be a limit?

Safety?

 

[marco79]

I haven't checked my limits online yet. I'll have look later and call in to enquire about increasing my limits.

 

[Chingha]

What happens if you don't? Does the transfer not get processed?

It throws up a message saying you cannot proceed.

 

[Tim_vb]

Often banks will require an in branch visit for large once off payments relative to your normal payment patterns. Safer for everyone involved

 

[marco79]

It seams as if I can increase my limits on the online app.