FNB to ABSA Bank Transfer Time 2024

FNB to ABSA transfer time

FNB is a division of FirstRand Limited, a financial services provider in South Africa. It is one of the “big four” banks in the country, along with Absa, Standard Bank, and Nedbank. FNB was founded in Grahamstown (now Makhanda), South Africa, in 1838. It has a long and rich history and has since grown to become one of the leading banking institutions in the country. As a financial institution, the bank provides corporate, commercial, business, private, and online banking services to millions across South Africa.

On the other hand, ABSA Bank is the leading digital bank in South Africa, with over 10.1 million digital banking clients. In addition, the bank has been providing a wide range of financial solutions to businesses, including personal loans, trade finance, insurance, retirement planning, merchant services, and asset management.

Transferring Money from FNB to ABSA Bank

Just imagine sitting at your desk and getting your money transferred from one account to another in a matter of clicks. Well, to say the least definitely possible hardly takes any time and is safe too. And the best part, is you needn’t even have to visit your bank.

Does FNB have an immediate fund transfer? The First National Bank currently has lots of ways to transfer money from a FNB to other bank accounts. They include online banking, phone banking, Using the app, wallet transfer, & physically visiting the nearest bank branch. Are you looking for recommendations on how to funds transfer from FNB to ABSA Bank account? Either of these methods works; details are given below:

Online Banking Money Transfer

If we talk about online fund transfers from your FNB account to other bank accounts, then that is also not a difficult task to manage. You just need to follow some simple steps and it will be done. You can use this method to transfer money to ABSA, Capitec Bank, Standard Bank, Bidvest Bank, Tyme Bank, and all other South African banks. FNB Internet Banking makes it easy to manage your accounts & send money to other accounts; below are the steps you need to follow to successfully carry out the transaction.

First, you have to register for FNB Internet banking using a Debit card to transfer funds online. If you already have an FNB net banking account, then follow the steps given below.

Money Transfer
  • Log in to your Online Banking profile
  • Select “Send Money”
  • Select “Once-Off”
  • Enter the cellphone number of the recipient
  • Enter the amount you would like to send
  • Check the account you want to send money from (in the bottom right corner). If you would like to change the account, select the orange icon next to the account name.
  • Check and confirm the transaction
  • Enter your OTP (One Time PIN)

From phonebook

  • Log in to your Online Banking profile
  • Select “Send Money”
  • Enter the amount you would like to pay the recipient*
  • Select the account you would like to send from
  • Select ‘Send’, and ‘Confirm’, and enter the OTP.
  • To add and save cell phone numbers in your phonebook, select ‘+Add’.
  • Enter a name and the cellphone number you want to send to. Next, select ‘Add Recipient’.
  • You can add up to 5 names and cellphone numbers at a time.

Money Transfer with Cellphone Banking

To send money using FNB Cellphone Banking you need to be registered for Mobile Banking. Dial *120*321#, visit any FNB branch or ATM, or call the Cellphone Banking helpline on 087 575 9405. If you already have an FNB mobile banking account, then follow the steps given below.

  • Dial *120*321#
  • Select “Send Money”
  • Select “eWallet
  • Select the account you want to send money from
  • Key in the cellphone number you want to send it to
  • Enter the amount you want to send
  • Select ‘Yes’ to send an SMS with an ATM PIN to the recipient for easy withdrawal
  • Confirm the amount and cellphone number

Funds Transfer with Banking App

To send money using the Banking App you need to download the app on your smartphone. First, you have to install & register fnb banking app to funds transfer online. If you have already registered on the app, then follow the steps given below.

  1. Login to FNB Banking
  2. Select “Send Money”
  3. Select “Send Money to eWallet”
  4. Select the account you want to send money from
  5. Enter the amount and cellphone you want to send to
  6. Select ‘Send’
  7. Confirm

Money transfer with FNB ATM

  • Insert your FNB Debit, Cheque, or Credit Card at the FNB ATM and enter your PIN
  • Select “More Options”
  • Select “Send or Receive Money”
  • Select “Send Money to eWallet”
  • Enter your date of birth. Read the terms and conditions and then select ‘Proceed’
  • Key in the cellphone number you want to send money to and select ‘Proceed’
  • Key in the amount you want to send and select ‘Proceed’
  • Confirm that all the details are correct and select ‘Proceed’
  • Remember to take your card before leaving the ATM

How Long Does it Take to Transfer Money From FNB to ABSA Bank?

  • Money transfer from FNB to ABSA Bank may take up to 48 hours.
  • Transfers to other banks may take up to 2 business days to clear.

Money transfer from FNB to ABSA bank takes longer than transferring money between ABSA bank accounts. The transfer can take up to a maximum of 48 hours before the money is reflected in your ABSA bank account. In extreme cases, the money may take up to three days to reflect in your account after being transferred by eft from FNB.

Check our previously published article on how to check absa bank balance with ussd.

The time of day you transfer the funds will determine the speed your funds will arrive in an ABSA account. Transactions processed after 1600H get processed the next day. For instance, if you transfer the money after official working hours, it will be processed the following day. Therefore, the total time may be up to 48 hours, counting from when the transfer was processed. Most banks will update you on the effective date when the money will be transferred. If you want a quicker transfer, then you will have to initiate the transfer process earlier in the day during working hours.

Transferring money from FNB to Absa bank takes longer than transferring money between Absa bank accounts. The transfer can take up to 48 hours before the money reflects in your Absa bank account.

Payments made from an FNB/Absa account to other banks may take up to 2 business days to clear. Pay & Clear Now payments may take up to 60 minutes to clear.

Frequently asked questions

What is taken clearance time money transfer from FNB to ABSA?

The ABSA to FNB transfer time is between 2 and 3 days. If you transfer money towards the weekend, you will have to wait even longer for it to reflect in the recipient account.

Is there a way of doing it faster?

That’s the FNB to ABSA EFT clearance time; You need up to 36 hours for money that is sent from FNB to reflect in an ABSA account.

Summary

This post was dedicated to showing you the FNB to other bank transfer times. It was noted that transferring money from FNB to ABSA takes between two and three days. So, you need to be patient. Note, however, that you can opt to have money transferred quickly. In that case, you should use the instant payment option.

Editorial Note: The information in this post is deemed accurate at the time of publication. Please note that we are not affiliated with FNB, and the bank reserves the right to change its operations as it deems fit. Neither the author nor the publisher of this website is liable for any losses that may occur from this use or misuse of the information in this post.

Read Also:
FNB to Capitec Bank Transfer Time
ABSA to Capitec Bank Transfer Time
FNB Branch Codes – Universal Code, Address Details
How to Change Your Mobile Number On FNB Online Banking?
How to Get Payment Proof on FNB App
How to Get FNB eWallet Money

Author

Hello friends, my name is RK Singh, and I am an engineer. But by profession, I am a blogger. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I try my best to give the correct information to the people so that they can achieve their goals in the right way.

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