The Central Bank of the Republic of Turkey (CBRT) increased the limit of payments made via FAST (Instant and Continuous Transfer of Funds). According to the statement made by the Central Bank, FAST money transfer limit 2024 It will be 50 thousand TL.
FAST money transfer upper limit increased to 50 thousand TL for 2024
According to the new decision of the CBRT, the upper limit for payments to be made through the FAST system will change as of December 21. According to this 50 thousand TL at once Up to 100,000 people can be sent. According to the previous decision, this limit was applied up to 20 thousand TL.
Moreover FAST-TR QR Code For payments to be made through the system limit 100 thousand TL will be. In this way, you will be able to send FAST payments up to 100 thousand TL to the institution you want 24/7.
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For those who don’t know, FAST system is an instant payment system that allows money to be transferred to the recipient’s account within seconds after the payment order is approved. It has become one of the popular payment methods in internet banking as it is faster than money order or EFT.
In the joint statement from the banks with this decision, “The upper limit of the FAST system, 50,000 TL, has been increased as of December 21, 2023. “Now our customers can make payments up to 50,000 TL through the FAST system.”
Credit card interest rates were also discussed within the scope of the meeting, which was completed in the past hours. Accordingly, it was decided to increase the one-week repo auction interest rate from 40 percent to 42.5 percent.
So, what do you think about the FAST money transfer limit in 2024? You can share your opinions with us in the Comments section below.