Why do EFT payments go through instantly?
Posted by zz Jessica R on 21 Sep 2015 09:46

We hold bank accounts at ABSA, FNB, Nedbank and Standard Bank. When you pay, you pay into a bank account held at the same bank as your own. Because it's an internal transfer, the payment takes place instantly and we're able to positively acknowledge that the funds have reached our account in a matter of seconds!

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