Fast Bank Transfer Frequently Asked Questions

  1. What is Fast Bank Transfer?
  2. What is the difference between a Fast Bank Transfer and a Bank Wire Transfer?
  3. How do I send a Fast Bank Transfer?
  4. How long does it take before you will credit the money to my account?
  5. Are there any transaction fees associated with Fast Bank Transfer withdrawals?
  6. Can I withdraw to Fast Bank Transfer?
  7. How do I withdraw using Fast Bank Transfer?
  8. What is the minimum and maximum amount I can withdraw using Fast Bank Transfer?
  9. How long does it take to receive the money transferred into my account?
  10. Can I withdraw the same day I deposit through Fast Bank Transfer?
  11. Can I withdraw more than my initial deposit using Fast Bank Transfer?

1. What is Fast Bank Transfer?

A Fast Bank Transfer is a transfer of funds from one bank account to another locally. In most cases, you will need to login to your online banking and authorize the bank transfer or authorize your bank to initiate the transfer.

2. What is the difference between a Fast Bank Transfer and a Bank Wire Transfer?

A Fast Bank Transfer is a transfer of funds from one domestic bank to another whereas a Bank Wire Transfer is a transfer of funds from one international bank to another. A Fast Bank Transfer is much quicker than the Bank Wire Transfer.

3. How do I send a Fast Bank Transfer?

Please follow the steps below to send a Fast Bank Transfer:

  • Log into your account.
  • Go to the cashier and select 'Deposit'.
  • You will now see the 'Fast Bank Transfer' logo. To select this deposit option simply click on the icon.
  • On the next screen, you will see a unique Payment Code. Please note this down and enter it on your bank's online banking portal while transferring your deposit to us.
  • The Payment Code is unique for your account, which can be used as a Reference Number for future deposits.
  • Click 'Confirm' to register the deposit in our system.
  • Go to your bank or log into your online banking account and request a Fast Bank Transfer using the payment code you obtained with a deposit amount.

4. How long does it take before you will credit the money to my account?

The funds will appear in your account instantly.

5. Are there any transaction fees associated with Fast Bank Transfer withdrawals?

We do not charge a transaction fee for withdrawals via Fast Bank Transfer.

6. Can I withdraw to Fast Bank Transfer?

Yes, you can withdraw using Fast Bank Transfer.

7. How do I withdraw using Fast Bank Transfer?

  • Log in to your account.
  • Go to the cashier and select 'Withdrawal'.
  • Select Withdrawal.
  • You will now see the Fast Bank Transfer logo, to select this withdrawal option simply click on the icon.
  • Enter or select your withdrawal amount and fill in your bank details (for the bank you want to withdraw to), then click on 'Withdrawal'.
  • If the transaction is successful, you will see the message 'Successful Withdrawal' and a unique transaction ID that you should keep for your records.

8. What is the minimum and maximum amount I can withdraw using Fast Bank Transfer?

The minimum withdrawal amount that you can withdraw via Fast Bank Transfer is 10.00 EUR equivalent and the maximum withdrawal amount is 250 000.00 EUR equivalent.

9. How long does it take to receive the money transferred into my account?

Once approved your Withdrawal will be credited to your bank account within 2-4 business days.

10. Can I withdraw the same day I deposit through Fast Bank Transfer?

Yes, you may request a Withdrawal the same day you deposit.

11. Can I withdraw more than my initial deposit using Fast Bank Transfer?

Yes. However, please remember that all withdrawals are first approved by our internal review team. Once the withdrawal is processed it will take 2-4 business days for you to receive the funds in your bank account.