The Central Bank of the Republic of Turkey (CBRT) announced that it increased the limit of the Instant and Continuous Transfer of Funds (FAST) system to 100 thousand TL.
Here According to the statement made by the Central Bank of the Republic of Turkey, considering the demands shown to the FAST system and the requirements of the payments ecosystem, as of April 4, 2024, FAST transaction amount limits will be increased from 50 thousand TL to 100 thousand TL in money transfers, using the FAST-TR QR code. In workplace payments with dynamic verification, it will be increased from 100 thousand TL to 250 thousand TL. “Instant and Continuous Transfer of Funds How to use?” The answer to the question is Like this: “You can send FAST payments 24×7 by logging into the mobile or internet banking applications of your financial institution that is a member of the system. While you can use the recipient’s account information (name-surname and IBAN) when entering your payment order; You can also easily enter the recipient’s easy address information, if available. (Easy address). Your payment order will be completed within seconds, and as soon as your transaction is completed successfully, both you, the sender, and the receiving customer will be informed about the transaction by your banks. “The transaction amount will be instantly reflected in the buyer’s account and the funds will be available.”