The immediate transfer option on the Capitec widget allows you to instantly transfer funds from your bank account into your ZAR or TFSA account. This allows you to bypass the 2 working day wait period normally associated with making a deposit, but carries an R8 charge from Capitec.
How to use the Immediate Transfer feature
When you are looking to fund your account:
- Navigate to My Funds
- Select Transfer Funds
- Select account you would like to make the transfer from and to
- Choose the Immediate Transfer option
- Confirm your transaction
What happens if I select ‘Transfer’ and not ‘Immediate Transfer’?
Selecting Transfer when funding your account will allow you to make a regular deposit, which only carries the R1 charge from Capitec applicable to regular transfers. This will take up to 2 working days to reflect in your account.