Like all banks in South Africa, Capitec Bank offers a Capitec immediate payment service to its customers and naturally, it is important to know details such as the times, limit and fee.
Luckily, this information is readily available. This article provides these details as obtained from Capitec Bank’s website and social media pages.
How to make a Capitec immediate payment
You can make a Capitec immediate payment on Capitec Bank’s mobile app or internet banking. Follow the steps below to do it on the app:
- Log in to your Capitec app and click “Transact.”
- Click “Payments.”
- Select the beneficiary you wish to pay and click “Pay.”
- Enter the payment details.
- Click “Immediate Payment.”
- Enter your PIN to confirm and complete the transaction.
In case you’re using online/internet banking, follow the steps below:
- Log into your online/internet banking profile.
- Navigate to the payments menu.
- Select or create a beneficiary you wish to pay.
- Select “Pay [the selected beneficiary].”
- Enter the payment details.
- Select “Pay this amount immediately” and follow the prompts to complete the transaction.
Capitec immediate payment times, limit and fee
A Capitec immediate payment usually reflects immediately on the beneficiary’s account. However, according to a recent Twitter reply by a Capitec Bank customer care representative, it may sometimes take up to four hours to reflect.
Several factors can affect the immediate payment times. For instance, it sometimes takes longer if you’re paying a particular beneficiary immediately for the first time. Should your payment take longer than four hours, you may contact Capitec Bank and provide the proof of payment for assistance.
Capitec Bank has a daily limit of R100,000 for immediate payments and the fee is R7.50 per transaction. Most likely, the high limit and flat fee are convenient to most South Africans.
And that’s it – as straightforward as they come. In case you have further enquiries, contact Capitec Bank’s client care centre directly using any of the options below:
- WhatsApp: 067 418 9565 (Monday to Friday, 8am-5pm).
- Telephone: 0860 10 20 43 (available 24hrs a day).
- Email: ClientCare@capitecbank.co.za.
- Fax: +27 21 941 0770.