Nedbank to Capitec Transfer Time
When transferring money from Nedbank to Capitec, the transfer time depends on whether you are making an immediate payment or a standard EFT (Electronic Funds Transfer).
- Immediate Payments:
If you use the Instant Payment option, the funds are transferred almost immediately (within a few minutes), regardless of the day or time. However, this service usually incurs additional fees due to its urgency.
- Standard EFT (Electronic Funds Transfer):
A standard transfer between Nedbank and Capitec typically takes 1 to 2 business days. If the transaction is made before the bank’s daily cut-off time (usually around 3-5 PM), it may reflect in the recipient’s account on the same day or the next business day. If made after the cut-off time, it will reflect on the following business day.
Transfers made on weekends or public holidays will only be processed on the next business day.
Factors That Affect Transfer Time:
- Time of Day: Transfers made after the cut-off time will be processed the next business day.
- Public Holidays: EFTs made on non-working days or holidays will be delayed until the next business day.
- Bank Processing Times: While banks like Nedbank and Capitec process transactions quickly, intermediary banks can sometimes slow down the process.
For the most up-to-date information or details about fees, you can contact both Nedbank and Capitec directly or check their respective websites.
