How to Transfer Money from ABSA to Capitec without App

Moving money from one bank to another can sometimes seem like a big hassle unless you use some of the more recent bank apps.

But don’t worry. If you want to transfer money from ABSA to Capitec, there really isn’t any need for apps. There’s a way how to transfer money from ABSA to Capitec without an app.

In this guide, we will walk you through the steps to complete your transfer using traditional methods. We’ll break down the process into simple steps.

1Can I transfer money from ABSA to Capitec using online banking?

2Are there any fees for transferring money between Absa and Capitec banks?

3What information do I need to make a transfer?

4How long does it take for the money to reflect in my Capitec account?

5How to Transfer Money from Absa Online Banking Platform to Capitec

6How to Transfer Money from Absa to Capitec using a cell phone

7Frequently Asked Questions

8Final Thoughts

9Reference

10Recommendations

Can I transfer money from ABSA to Capitec using online banking?

Yes, of course, you can transfer between an Absa account and a Capitec account online banking. Both of them have online banking, and it is so easy to transfer money from one account to the other.

To get started, simply log into your Absa online banking account, navigate to the ‘payments’ or ‘transfers’ section, and choose the option for transferring funds to another bank.

You’ll need to enter the recipient’s details, including their Capitec account number and any other required information. Make sure to double-check everything before confirming the transaction.

When it’s done, the actual transfer only takes a couple of seconds (well, unless it’s an instant payment or a future payment or what have you, but hey). They both have really helpful customer service reps if you have any questions along the way.

Also Read – How to Borrow Money from Fidelity Bank in Nigeria | A Step-by-Step Guide

Are there any fees for transferring money between Absa and Capitec banks?

Oh yeah, there are charges for transferring money between Absa and Capitec. The specific charges are as follows:

Capitec Bank: If you’re transferring money from Capitec to another South African bank (like Absa), the fee is R2 for a regular digital transfer. If you need the transfer to be processed immediately, the cost increases to R6.50.

Absa Bank: As far as transferring to other banks, it all depends on the type of transfer (instant or standard) but on average, for regular interbank payments, it’s about R2 – R5, and much more for instant transfers.

And if you use an ATM, to get cash could range from R10 to R21 per transaction.

What information do I need to make a transfer?

To make a transfer on Absa, you will need the following information:

1. Recipient’s Bank Details:

Bank Name: The name of the recipient’s bank (e.g., Capitec, FNB).

Account Number: The account number of the recipient.

Branch Code: This is specific to the recipient’s bank and can usually be auto-filled if you select the bank from a dropdown menu.

2. Amount to Transfer: The exact amount you wish to send.

3. Your Own Account Details:

– Your Absa account number and a valid account balance to cover the transfer.

4. Transfer Type: Choose between a normal transfer (which can take 1-3 days) or an immediate transfer (instant transfer with higher fees).

5. Payment Reference: A short description or reference for the payment, often used to help the recipient identify the transfer.

6. Recipient’s Name: The full name of the recipient as it appears on their bank account.

If you are using Absa Online Banking or the Absa Banking App, you’ll also need:

– Login Credentials: Your username and password or biometric access to log into your account.

– One-Time PIN (OTP) or Mobile Banking PIN (MPIN): For security, Absa will send an OTP to your registered phone number or require an MPIN to authorize the transaction.

These steps ensure that the transfer is secure and properly processed.

How long does it take for the money to reflect in my Capitec account?

It takes a while for your money to show up in your Capitec account, but it depends on a couple of things.

Generally, if you’re receiving an electronic transfer from another bank within South Africa, the funds should appear in your account fairly quickly—often within a few hours.

But if there are any hold-ups or the transfer is made at a time other than normal banking hours it could take up to 1 business day.

If you’re depositing cash at an ATM or through a branch, the funds typically reflect immediately or shortly after the transaction is completed.

Just keep in mind that certain types of transactions might have different processing times, so it’s always a good idea to check with Capitec directly or their website for specific details related to your situation.

Also Read – How to Borrow Money from Union Bank App in Nigeria | A Step-by-Step Guide

How to Transfer Money from Absa Online Banking Platform to Capitec

On the main page of the Absa website, select Logon in the upper right corner of the screen.
Enter your login information to access your account. Navigate to the Pay tab.
Click Pay Someone New.
Accept the verification request that was sent to the cellphone number you registered.
Enter the name of the beneficiary and the desired payment amount.
If you would want to make an instant interbank payment (IIP), check the box. Select Capitec
Add the references for you and the beneficiary.
Fill in the Notice of Payment details.
To accept payment details, click Next and then confirm.
Accept the verification request that was sent to the cellphone number you registered.
Upon successful payment, a notification displaying the Instant Interbank reference number will appear.
Choose Pay another to make a different payment, or click Done.

Also Read – How to Borrow Money from MTN App in Nigeria | A Step-by-Step Guide

How to Transfer Money from Absa to Capitec using a cell phone

Dial 1202272# and type your 5-digit PIN
Choose 5 to continue
Press Send
Pick 2 to transfer to a new recipient
Press Send
Type the recipient’s mobile number
Press Send
Type the recipient’s name
Press Send
Pick the account you want to take money from
Press Send
Type the amount you want to transfer
Press Send
Type the 6-digit code the recipient will use to get the money from an Absa ATM
Press Send
Confirm the transaction by picking 1
Press Send
Send the access code and amount of money transferred to the recipient

Note: The CashSend limit for Cellphone Banking has a minimum of R20 and a maximum of R500 per day.

Frequently Asked Questions

Will I have to actually go into a branch for this transfer?

No, you can do it with online banking or an atm, you don’t even have to go to a branch.

Is there a limit to how much I can send?

But yes, ABSA probably has some kind of daily limit on how much money you can transfer, so you will have to ask them exactly how much money that is.

What if I encounter issues during the transfer process?

If you have any problems, just call ABSA customer service, they are always so willing to assist you.

Final Thoughts

Transferring money from ABSA to Capitec without using an app is a straightforward process that can be easily accomplished through various methods such as online banking, ATM withdrawals, or even over-the-counter at a bank branch.

If you follow these steps you can be sure that your money will be safely and promptly transferred to the place of your choice.

Remember to keep your banking details safe and verify all information before confirming any transactions.

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