How To Transfer Money From FNB To Capitec?
Transferring money from your First National Bank (FNB) account to a Capitec account is a simple and efficient process. With FNB’s digital banking services, including the eWallet feature, you can send money quickly and securely. This guide walks you through the step-by-step process, transaction fees, limits, and key considerations to ensure a smooth transfer.
Step-by-Step Guide to Sending Money from FNB to Capitec
1. Log in to FNB Online or Mobile Banking
Start by accessing your FNB account through the online banking platform or FNB mobile app. Use your secure login credentials to enter your account.
2. Navigate to ‘Send Money’
Once logged in, locate the ‘Send Money’ option from the main menu. This feature enables users to transfer funds conveniently.
3. Choose ‘Send Money to eWallet’
From the available transfer methods, select ‘Send Money to eWallet’. This option allows you to send money using the recipient’s cellphone number, which they can withdraw via Capitec.
4. Select Your Source Account
If you have multiple FNB accounts, choose the correct account from which the funds will be deducted.
5. Enter Transfer Details
- Amount: Specify the amount you want to transfer.
- Recipient’s Cellphone Number: Enter the mobile number linked to the recipient’s Capitec account.
- Double-Check Details: Ensure that all information entered is correct to avoid errors.
6. Confirm and Complete the Transfer
- Click ‘Send’ to process the transaction.
- Review all transaction details, including the recipient’s information and the amount.
- Once confirmed, the money will be sent instantly.
For easier interbank transfers, it’s useful to check Capitec’s universal branch code before completing your payment.
Important Considerations Before Transferring Money
Transaction Fees and Charges
- FNB may apply transaction fees for eWallet transfers.
- Check the latest FNB pricing guide to know the exact charges before sending funds.
Withdrawal Process for the Recipient
- The recipient will receive an SMS with instructions on how to access the money.
- They can withdraw from a Capitec ATM or use the funds for transactions based on Capitec’s guidelines.
Daily Transaction Limits
- FNB has transfer limits per day, depending on your account type.
- Confirm your account’s transaction limit to ensure the transfer does not exceed the allowable amount.
Transferring money from FNB to Capitec using the eWallet feature is a fast, convenient, and secure method. By following the steps outlined above, you can ensure a hassle-free transfer experience. Always verify transaction details before confirming and, if needed, reach out to FNB customer support for further assistance.
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