The Central Bank of the Republic of Turkey increased the upper limit of the Instant and Continuous Transfer of Funds (FAST) system, which provides money transfer 24/7. As of today, citizens will be able to make all money transfers up to TL 2,000 via FAST.
In a content we shared with you about a month ago, Central Bank of Turkey RepublicIt has been decided to increase the upper limit of the money transfer system called FAST to 2.000 TL. we transferred. This decision has now been made enforceable. Citizen now up to 2.000 TL It performs all its transfers via FAST.
System, which stands for Instant and Continuous Transfer of Funds, 24 hours 7 days a week Allows money transfer. Moreover, citizens do not pay EFT and money transfer fees while using this service. This advantageous system has been available with an upper limit of 1,000 TL until now. With the decision taken, the money transfer that can be made via FAST upper limithas been increased to 2.000 TL.
Money transfer with FAST is completed in seconds
One of the most advantageous aspects of the FAST system is that money transfers in seconds being achievable. Until now, citizens used working hours when they wanted to make EFT, and waited for a few minutes for money orders. The Central Bank of the Republic of Turkey, special to our country FAST system, this situation has been eliminated. All transfers made with FAST, in seconds is being completed.
Exciting Digital Currency Statement from the President of the Central Bank
In the meantime, let’s talk about why the CBRT changed the FAST limits. Authorities, On January 8, 2021 In the first place, they limited the system they introduced to 50 TL. The upper limit, which was later gradually increased to 1,000 TL, has now been increased to 2,000 TL. The reason why the CBRT makes such an application is that the citizens as long as get used to. The process, which has been going on for months, is now available for much higher limits.