I was told if I want money to be immediately paid into a beneficiary account, I should use the Immidiate payment option.
It does'nt exist on Internet banking...no where to tick that option when doing a payment!!!
This is really the worst online bank in the world!
Friday I did a payment on my app from my Standard Bank Credit Card to one of my suppliers with a Standard Bank account. 3 hours later I drove almost 2 hours to collect the stock and the money wasn't reflecting in their account. I phoned Standard Bank and they told me it is because I used my Credit Card and my app which could take up to 24 hours to reflect (Std Bank to Std Bank). After a while I managed to pursuade the manager to release my stock.
Today I had another payment to a Standard Bank account. So I used my savings account and I used my Online Banking. Exactly the same issue. Almost 4 hours later and the money is still not reflecting in their account and my driver is standing and waiting.
I have never ever experienced this with Absa to Absa, FNB to FNB, Nedbank to Nedbank or even Absa to Woolworths!!??
But Standard Bank (the biggest bank in South Africa) wants to take all the money transfer daily by South Africans and keep an extra day of interest for themselves.
Really upset and angry.