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FAST - Instant and Continuous Transfer System of Funds FAST - Instant and Continuous Transfer System of Funds

FAST - Instant and Continuous Transfer System of Funds

FAST is a payment system that allows money transfers between accounts registered with different banks to be carried out 24 hours a day, 365 days a year.

What is FAST?

FAST (Instant and Continuous Transfer of Funds) is a payment system that enables money transfers to be made between accounts registered with different banks 24 hours a day, 365 days a year. With the FAST system developed jointly with the Central Bank of the Republic of Turkey, the money transfer sent to a different bank is carried out within seconds and reaches the account of the recipient.

What are the Features of FAST?

  • Unlike EFT, money transfer transactions are carried out according to the 365 days and 24 hours rule.
  • Transaction-based upper limit is limited to 1,000 TL by the Central Bank of the Republic of Turkey.
  • Money transfer is done within seconds and delivered to the recipient's account.
  • KOLAS-Easy Addressing System, which enables money transfer without IBAN, makes the money transfer process easier.
  • Money can be transferred to IBAN in FAST.
  • Money transfers can only be made from your account to the recipient bank account in TL currency.

Money transfer can be made with FAST to all KOLAS types where personal information such as Mobile Number, TRIN, TIN, FIN, Passport Number, e-Mail can be matched with the account. For all other information about KOLAS, click here.

You can perform your money transfer transactions easily and instantly by following the Money Transfers-FAST-Send Money via FAST steps using Vakıf Katılım Internet Branch and Mobile Branch.

You can transfer money via FAST from our Internet Branch and Mobile Branch channels.

You can make instant money transfer transactions 24 hours a day, 365 days a year by using the Send Money via FAST menu from our digital channels.

With Instant and Continuous Transfer of Funds, you can transfer money only in TL foreign currency. Transaction-based money transfer limit is limited to 1,000 TL for all participating banks by the Central Bank of the Republic of Turkey.

While FAST is a money transfer system that works on a 365 days and 24 hours basis, EFT provides service only during working hours. While money transfer made with FAST is delivered to the recipient's account instantly, a period of time is required in EFT for the money to be transferred to the recipient's account. While money is transferred with a higher amount in EFT, there is a limit of amount per transaction in FAST.

Money transfers can be made to IBAN or the recipient's KOLAS 24 hours a day, 365 days a year with FAST, which is located under the Money Transfers menus in Vakıf Katılım Internet Branch and Mobile Branch.

In money transfer transactions where the recipient and the sender are Vakıf Katılım customers, money is not sent with FAST, and you can transfer money with the option of transfer to the account.

Download Vakıf Katılım Mobile Branch Now!

With Vakıf Katılım Mobile Branch, you can carry out many banking transactions from your mobile devices with Android, İOS and Huawei operating systems in a fast and safe manner.

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