How to Transfer Money from FNB to Capitec

Have you ever been in a position where you needed to transfer money from your FNB account to a Capitec account right away?

We have the perfect solution for you to do this. We’ll outline this simple procedure in this tutorial for transferring money between these two banks.

It is noteworthy that FNB and Capitec have a great deal in common, which explains why the amount of daily transactions between the two banks tends to be the greatest among South Africa’s top-tier financial institutions.

Hence, you can easily transfer money from your FNB account to any Capitec account by following a few easy steps.

The strategy guarantees consistent speedy and smooth transactions, regardless of whether you’re sending money to a friend or relative or making a payment.

Just read on to see the various methods to transfer money from FNB to Capitec below.

Various Methods to Transfer Money From FNB to Capitec
How Long does it Take to Transfer Money from FNB to Capitec ?
- #1. Immediate Payment Option
- #2. Normal FNB Transfer To Capitec
FAQs
Conclusion
References
Recommendations

Various Methods to Transfer Money From FNB to Capitec

The banking system in FNB has been made easy including getting the FNB loan. It’s easy to transfer money from your FNB account to a Capitec account using more than one approach. Here is a comprehensive explanation of every option you can use:

#1. Transferring Money from FNB to Capitec Using the FNB App

Open the FNB app, make sure you’ve downloaded the most recent version, and safely log in.
Go to the Payments page. On the home screen, tap the “Payments” icon.
From the available actions list, select “Send Money.”
Select the type of transfer: To make a single transfer, choose “Once-Off Payment.” If you want to save the Capitec account information for later use, choose “Add Beneficiary.”
Enter the Capitec details here: Enter the 10-digit Capitec account number of the receiver.
Reference (Optional): Include a reference (such as “Rent payment”) for your own records.
Enter the amount and confirm: Enter the desired transfer amount and confirm that all the information is accurate.
Choose an account: Select the FNB account from which you wish to send money.
Check and submit: Go over the transaction information one more. Enter your One-Time Pin (OTP) and click “Send” if everything appears to be in order.

#2. Transferring Money from FNB to Capitec Using FNB Online Banking

Open FNB Online Banking and log in: Go to the FNB website and sign into your account using online banking.
Navigate to Payments: On the dashboard, select the “Payments” tab or section.
Select “Make a Payment”: From the list of options, choose “Make a Payment.”
Choose “One-Time Payment”: When making a single transfer, select this option.
Enter your Capitec information here: Enter the 10-digit Capitec account number of the receiver.
Enter the amount and confirm: After entering the transfer amount, carefully go over every detail.
Choose an account: Select the FNB account from which you wish to send money from.
Re-check and submit: Go over the transaction information one more time. Click “Send” after entering your online banking password and making sure everything is accurate.

#3. Transferring Money from FNB to Capitec Using FNB ATM

Find the nearest FNB ATM, then insert your debit card there.
Put in your PIN afterward: When asked, enter your secure PIN.
Choose “Payments”: Select the “Payments” option from the screen of the ATM.
Choose “Make a Payment”: From the list of options, select “Make a Payment.”
Choose “Other Bank”: Since Capitec is not identified as a particular bank, select this option.
Put the account number: Enter the 10-digit Capitec account number of the receiver.
Type in the optional reference: If needed, include a reference.
Enter the amount and confirm: Check all details again and enter the transfer amount.
Choose an account: Select the FNB account from which you wish to send money from.
Confirm and submit: Go over the transaction information one more time. Verify the transaction and pick up your card after making the transfer.

How Long does it Take to Transfer Money from FNB to Capitec?

We’ll walk you through all you need to know about how long it takes to transfer money from FNB to Capitec, depending on if you made the payment or transfer promptly or normally.

#1. Immediate Payment Option

We can speak from experience that the immediate payment from FNB to Capitec takes no more than five minutes as long as there is no any intervention from outside parties or delays.

On The App:

The recipient is instantly credited when you use the FNB app to make an instantaneous payment or transfer of money from FNB to Capitec. In the worst situation, there might be a wait of no more than five minutes.

Online ( EFT):

If you select the “immediate payment option” while transferring money electronically from FNB to Capitec, the money will appear in the recipient’s Capitec account within 5 minutes of the transaction.

Use of FNB Card

If you select the immediate pay and clear option, it will take less than five minutes for the money to appear in the destination account after using your FNB card to make an ATM payment to a Capitec account.

Furthermore, it doesn’t matter if you do the transfer on a Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, or Saturday; as long as you choose the choices for immediate pay and clear, it will take less than five minutes for the changes to show up in your Capitec account.

#2. Normal FNB Transfer To Capitec

The standard time frame for intra-transactional payments and transfers among all South African banks is one day.

The three channels are subject to the following time frame:

Use of FNB App

If you make a typical transfer from FNB to Capitec without receiving instant payment and having clear options, it takes 24 hours. When attempting to reverse eWallet payment money on it, the app’s use is similarly adaptable and helpful.

Online (EFT)

It takes a day for an electronic fund transfer (EFT) from FNB to Capitec to process if the instant pay and clear options are not selected. Using the instant pay and clear for just R7 is the best option.

Use of FNB Card

The same is true when using an ATM to transfer money or make a payment; it will take about 24 hours in total.

FAQs

What does the FNB stand for?

FNB stands for First National Bank

How much does FNB charge for immediate payment?

Your money is received instantly at no cost to the recipient.

Can I reverse an online payment with FNB?

Reversals can only be attempted within 30 calendar days from the date that the payment was made

How long does a transfer between FNB and Capitec take?

Transfers from Capitec to FNB typically take between 12 to 24 hours to process.

Conclusion

We hope this detailed guide helps you smoothly transfer money from your FNB account to a Capitec account. You can transfer money from your FNB account to a Capitec account with or without using the app by making use of cell phone banking or USSD.

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