FAST or full name released on January 8, 2021 Instant and Continuous Transfer of Funds Thanks to the system, the obstacle of money transfer between other banks on weekends and outside working hours was eliminated. Good news for FAST, which allows transactions up to 50 TL in the first place and currently has a transfer limit of 2000 TL. Central Bank of Turkey RepublicIt came from
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FAST limit increased to 5000 TL; Workplace payments are coming!
Emphasizing that an average of 3.5 million daily payments is made through FAST, which allows 24/7 instant money transfer, the CBRT stated that the FAST transaction limit of 2.000 TL will be reached as of February 21, 2022. It will be increased to 5,000 TL. announced.
This system, where money transfers are completed in less than a second, will also allow workplace payments of up to 10 thousand TL at once via TR QR Code.
It was stated that the number of users registered in the Easy Addressing System reached 15.5 million. Unlike IBAN numbers, which are difficult to memorize and use, FAST payments can be made easily and quickly with a phone number, ID number or e-mail address.