How to Transfer Money from FNB to Capitec

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Ever found yourself in a situation where you urgently need to transfer money from your FNB account to a Capitec account?

Well, fret no more because I’ve got just the solution for you. In this guide, I’ll reveal a straightforward method to seamlessly transfer funds between these two banks.

With just a few simple steps, you’ll be able to send money from your FNB account to any Capitec account hassle-free.

Whether you’re sending money to a friend, family member, or making a payment, this method ensures quick and efficient transactions every time.

Transferring Money from FNB to Capitec: A Step-by-Step Guide

Moving money from your FNB account to a Capitec account is simple and can be done through various methods. Here’s a detailed guide for each option:

Method 1: Using the FNB App

  1. Open the FNB App: Ensure you have the latest version downloaded and log in securely.
  2. Navigate to Payments: Tap the “Payments” icon on the home screen.
  3. Select “Send Money”: Choose the “Send Money” option from the list of available actions.
  4. Choose transfer type: Select “Once-Off Payment” for a single transfer or “Add Beneficiary” if you want to save the Capitec account details for future use.
  5. Enter Capitec details:
    • Account Type: Choose “Savings Account” or “Cheque Account” based on the recipient’s Capitec account type.
    • Bank: Select “Capitec Bank Limited.
    • Account Number: Enter the recipient’s 10-digit Capitec account number.
    • Branch Code: You can leave this blank as it’s not required for Capitec transfers.
    • Reference (Optional): Add a reference for your own record-keeping (e.g., “Rent payment”).
  6. Enter amount and confirm: Enter the amount you want to transfer and double-check all details are correct.
  7. Select account: Choose the FNB account you want to transfer funds from.
  8. Verify and send: Review the transaction details again. If everything looks good, enter your One-Time Pin (OTP) and tap “Send”.

Method 2: Using FNB Online Banking

  1. Log in to FNB Online Banking: Visit the FNB website and log in to your online banking account.
  2. Go to Payments: Click on the “Payments” tab or section on the dashboard.
  3. Choose “Make a Payment”: Select the “Make a Payment” option from the available actions.
  4. Select “Once-Off Payment”: Choose this option for a single transfer.
  5. Enter Capitec details: Follow the same steps 5a-c as in the FNB App method above.
  6. Enter amount and confirm: Enter the transfer amount and carefully review all details.
  7. Select account: Choose the FNB account you want to transfer funds from.
  8. Verify and send: Review the transaction details again. If everything is correct, enter your online banking password and click “Send”.

Method 3: Using FNB ATM

  1. Locate an FNB ATM: Find a nearby FNB ATM and insert your debit card.
  2. Enter your PIN: Enter your secure PIN when prompted.
  3. Select “Payments”: Choose the “Payments” option on the ATM screen.
  4. Select “Make a Payment”: Choose the “Make a Payment” option from the available actions.
  5. Enter Capitec details:
    • Select “Other Bank”: Choose this option since Capitec is not listed as a specific bank.
    • Enter Account Number: Enter the recipient’s 10-digit Capitec account number.
    • Enter Reference (Optional): Add a reference if desired.
  6. Enter amount and confirm: Enter the transfer amount and double-check all details.
  7. Select account: Choose the FNB account you want to transfer funds from.
  8. Verify and send: Review the transaction details again. If everything is correct, confirm the transaction and collect your card.

Important things to remember:

  • Transfer fees: FNB may charge transfer fees depending on the method used and the amount transferred. Check FNB’s website for current fee information.
  • Processing times: Transfers may take some time to reflect in the recipient’s account. EFT transfers usually take 1-2 business days, while instant options like eWallet or Pay & Clear Now can be faster (fees may apply).
  • Double-check details: Always double-check the recipient’s account number and other details before making a transfer to avoid sending money to the wrong account.
  • Security: Be cautious when entering your PIN and online banking credentials. Never share these details with anyone.

I hope this detailed guide helps you transfer money from your FNB account to a Capitec account smoothly. If you have any further questions, feel free to ask!