A one-stop forum for all your banking questions
23-07-2015 03:01 PM
I am a new Standard Bank customer, and so far things have not been going to well, after reading this post, I beg to differ. Someone deposited money into my bank account yesterday from another bank and after phoning the bank and Standard bank I was informed that it will only reflect after 3 working days....
Today someone deposited money into the same account from another Standard Bank account and I also phoned and they informed me that it would take 2-3 hours, needless to say, the money is still not reflecting in my account...
So basically my question now is...What is the correct statement?
What are the cut off times for EFT's
24-07-2015 03:26 PM
As mentioned previously,
An EFT payment to another Bank will reflect within 3 days.
An EFT payment to a Standard Bank account will reflect within 24 hours.
The above payments need to be made before 7pm.
02-06-2016 11:27 PM
i made a direct deposit at the teller in the branch at 3pm 1st June then went home to make a transfer from my transactional account to my standard bank home loan account. i then made 4 external account transfers. today is the 2nd June 11:25pm. the external transfers made reflect on my external bank accounts online banking. however the direct deposit and the transfer between my standard bank accounts do not reflect still. so my questions are:
1. How long does it take an internal transfer from a standard bank transactional account into a standard bank homeloan account to reflect? both thses standard bank accounts are linked.
2. How long does it take for a direct deposit at a teller within the standard bank branch into a standard bank homeloan account to reflect?
03-06-2016 08:07 AM
There is a 24hr period maximum clearance time for transfers between Standard Bank accounts and 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.
03-06-2016 06:05 PM
It’s been 48 hours and my transfer between my access account and my homeloan still do not reflect nor does the direct deposit into my home loan reflect. i just logged on to internet banking and both transactions do not reflect.
I don’t see how the maximum 24 hour period applies. It’s been 2 days and that is clearly not 24 hours.
It makes no sense that eft’s to other banks reflect almost immediately but deposits and transfers within standard bank take more than 48 hours.
This is the 2nd time this has occurred in the 30days that i have opened the account. i opened this account on 3rd May 2016.
16-03-2017 02:02 PM
One of my clients paid into my FNB account from his SB Business account at 16:16 yesterday afternoon for goods delivered to him, when will this payment reflect ?
If the answers it that copy and paste 2-3 business days answer, please let me know if it is possible to get this payment cleared earlier like now !
I need this payment to buy stock and deliver to another client so my whole business is now on hold because of SB
BTW I was forced to close my SB Business for this reason
17-03-2017 02:05 PM
Hi, unfortunately, it takes 2-3 working days for the money to reflect in your account. To make this process fast, the sender will have to visit their nearest branch to request an immediate cleareance of funds.
13-05-2017 08:13 AM
15-05-2017 09:54 AM
Please note that it will take 2-3 working days for the money to reflect, unless if this was an immediate clearence. You will receive a notification from the Bank that money of such amount was transfered to that specific account as proof of transaction.
29-08-2017 10:04 AM
You are correct. Please note that from your Standard Bank account to other institute it will take anything between 24hrs to 72hrs(up to three working days). Here is an article about EFT clearance time: http://community.standardbank.co.za/t5/Internet-banking/EFT-clearance-time/ta-p/523
Let me know if this was beneficial and helpful.
04-09-2017 03:47 PM
Please be advised that electronic transfers from other banks to Standard Bank may take two to three business days to reflect on the beneficiary statement, while transfers between Standard Bank accounts generally take a maximum of 24 hours to clear. For more clarity on this, kindly visit: http://community.standardbank.co.za/t5/Internet-banking/EFT-clearance-time/ta-p/523.