EFT from standard bank to standard bank

[Jamie1]

Hi I had an eft done to my account from a standard bank account. The eft is showing under transactions on my app and showing as the closing balance in my online banking statement however it is not available in my available funds in my account. How is this possible?

[Jay2012]

Money was transfered from standard bank to my standardbank account. Why does it take so long. thought inter account tranfers will be quick. Really

[Boitumelo]

Hello @Jay2012,

The transaction usually takes up to 24 hours to reflect on your account.  If this is still not resolved please email us with your account and transaction details date etc.

You can mail us here: [email protected]

Regards,

Boitumelo

[jayalexinf]

I am closing my standard account, no instant EFTs is a deal breaker for me. Just please close your accounts, WHAT BANK ISN'T INSTANT! Terrible bank. 

[jayalexinf]

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@Jay2012 wrote:
Money was transfered from standard bank to my standardbank account. Why does it take so long. thought inter account tranfers will be quick. Really

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It's cos they are poes not great.

[MandyP]

Hello @jayalexinf,

Please be advised that there is a 24 hour period maximum clearance time (on a business day) for transfers between Standard Bank accounts. Weekends and public holidays are not considered business days. Should the transfer take longer, please contact customer care on 0860 123 000 or forward your accounts number/s, ID number and contact details to [email protected] in order for us to trace where the funds are currently sitting and assist you further.

Regards,

Mandy

[Johan1949]

How long did you wait for it to finally show and be available?

[Skyespirit]

Same here. Closing account asap. They are slow with everything compared to other banks

[Watchdogs]

This is not what your client is asking. He asked WHY is takes so long. Surely there must be a reason for this corrupt system and banking practise.

[Watchdogs]

Clearance of what? The transfer was STD Bank to STD Bank. Don't you trust your own technology? If so, why should we?