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EFT's where both parties use Standard Bank

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Lo-Ammi
Occasional Visitor

EFT's where both parties use Standard Bank

My husband and I both have Standard Bank accounts which we have used for more than 10 years to send money to each other. The money always automatically cleared immediately in the recipient's bank account - until last week when all of a sudden it took 2/3 days for the money to become avalable.

And today when he paid over his contribution to the household expenses, the money AGAIN did not become available right away.

Is there an explanation for that?
Is there suddenly without prior notice a clearing period for standard bank to standardbank eft's between people.
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Community Coordinator

Re: EFT's where both parties use Standard Bank

Hello @Lo-Ammi,

 

Kindly be advised that there is a 24 hour period maximum clearance time for transfers between Standard Bank accounts, while payments to other banks may take two to three business days to reflect on the beneficiary's statement. Payments made into a MasterCard account take 24 hours to reflect on a statement.

 

Regards,

Mandy

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