Payments transfer from an FNB Bank account to an Absa Bank account can take up to two business days to clear. However, Pay and Clear Now payments can take up to 60 minutes to clear. All payments are transferred to the recipient’s account on the next business day after clearing.
In this article, we will learn about the maximum and minimum time it takes to transfer from FNB to an Absa Bank account. Let’s understand this in detail.
- Transferring money from FNB to ABSA Bank can be done through various channels, including online banking, cellphone banking, the banking app, and FNB ATMs.
- The transfer time for transactions from FNB to ABSA Bank is usually 60 minutes, and sometimes the maximum time can be up to 1 working day.
- Sometimes, due to server issues, it can take up to 24 hours or even 2 working days for the transfer to be completed in an Absa bank account, but the minimum time it takes is 60 minutes.
- For quicker transfers, initiating the process during working hours is recommended.
Transferring Money from FNB to ABSA Bank
Imagine you are sitting at your desk, and with just a few clicks, your money is being transferred from one account to another. Well, at the very least, it is certainly possible that it takes very little time and is also secure. And the best part is that you don’t even need to go to your bank; you can transfer money from home or anywhere as long as you have internet access.
Does FNB have the facility for instant fund transfer? First National Bank currently has many ways to transfer money from FNB to other bank accounts. These include online banking, phone banking, using the app, wallet transfer, and transferring money by visiting the nearest fnb bank branch. Do you want suggestions on transferring funds from FNB to an ABSA bank account? You can use any of these methods; the details are given below, please read carefully:
Online Banking Money Transfer FNB to Absa Bank
If we talk about online fund transfers from your FNB account to Absa bank accounts, managing it is very simple. You just need to follow a few steps and the transfer will be done. You can use this method to transfer money to Capitec Bank, Standard Bank, Bidvest Bank, Tyme Bank, and all other South African banks. Transferring to another bank through FNB Internet Banking is very easy; you just need to follow a few steps. Below are the steps you need to follow to successfully conduct an online 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.
- 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)
I hope you have followed the steps correctly, and the online money transfer from FNB to Absa bank account has been successful; if any issues arise, please wait a while and if the money still doesn’t show in the other account, you can contact FNB Customer Support; they will resolve your issues.
Money Transfer with phonebook
Alright, now let’s learn how to transfer money using the 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, your mobile banking must be registered. If your mobile number is already registered, simply dial *120*321# from your mobile and follow the prompts we have detailed 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 FNB app on your smartphone. If you want to know how to install and register the FNB app, we have already explained it in easy language. If you have already registered on the app, follow the steps given below.
- Login to FNB Banking
- Select “Send Money”
- Select “Send Money to eWallet”
- Select the account you want to send money from
- Enter the amount and cellphone you want to send to
- Select ‘Send’
- 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 60 Minutes.
- Transfers to other banks may take up to 1 business days to clear.
It takes a minimum of 60 minutes to transfer money from FNB to ABSA Bank, and it can take up to 48 hours maximum. In extreme cases, if you have transferred money via FNB EFT, it may take up to three days for the transfer to complete. If you want to check the balance of your Absa Bank account, you can do so via the USSD code, which we have explained step by step in a previous article. You can read it to understand how to do this.
It takes a minimum of 60 minutes to transfer money from FNB to Absa Bank, and a maximum of 1 working day.
Frequently asked questions
The ABSA to FNB transfer time is between 1-2 days. If you transfer money towards the weekend, you will have to wait even longer for it to reflect in the recipient account.
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.
Money transfers from FNB to ABSA Bank may take up to 24 hours, with the actual duration influenced by the time of day the transfer is initiated. For a faster transfer, initiating the process during working hours is advisable.
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. However, by profession, I am a blogger; I have a keen interest in the finance niche. 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 strive to provide people with accurate information so that they can achieve their goals correctly. If you still have any queries, please feel free to follow my social media accounts listed below and ask questions without hesitation. Thanks.
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