“Electronic Funds Geçirme” EFT, which consists of the initials of the words, means you send money to an account in a different bank in the banking language. Maybe you agreed on this difference when an extra fee is charged for your transaction. As a result of the teller requesting an EFT fee from you, “because it is a different bank” will be announced. However, nowadays, there are possibilities that you can make EFT transactions without paying this fee.
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About banking that almost all of us come across once EFT transaction, Today, web and mobile banking transactions can be done much more easily. Moreover, you can perform EFT transactions for free. Sometimes due to the advantage provided by banks, sometimes thanks to private banking applications It is possible to send money without paying EFT fee. Of course, to take advantage of such benefits, you must know well what EFT is.
What is EFT?
You want to send money and the account of the person you are sending to is in a different bank. EFT usually done before the system; It was like withdrawing your money and going to the bank in which the recipient’s account is and making your shipping transaction. As you can see, this situation causes a lot of waste of time. Like waiting in line at each bank, the time you spend on the road… You might have had to postpone many of your important work, due to the time you spend making this aktarma.
Although it is not that simple, the system özgü brought a solution to the situation. EFT, or Electronic Funds Geçirme, which özgü a 24-year history, is hosted by the Central Bank of Turkey in our country. April 1, 1992 It was made available in. Although the system is operated by the Central Bank, it is regulated by the TC Banks Board. With this system, the realization of interbank transfers özgü been facilitated.
The EFT system that performs the aktarma between banks in local currency, simultaneously the shipping process and of consensus ensures that it is done. Thanks to the system bond, bond such securities are also transferred. With a new regulation in 2012, a different usage was introduced. There özgü been a change, not in its purpose, but in its operational phase.
It is divided into customer transactions and interbank transactions. TL Geçirme System Between Customers It is defined as the realization of customer transactions by banks. TL Geçirme System Between Banks correspondence services, aktarma of financial resources among banks, interbank payments It was defined as.
Generally, you need some information to make a known money aktarma transaction. If you want your EFT transaction to be done properly, you must have a correct IBAN number. A correct IBAN With the number, your money can easily find the account to which it will go. Or bank name, branch code, account number and name – surname information should be complete. When one of these information is missing, it is very difficult for your transaction to take place.
What are the Purposes of EFT System?
The Central Bank özgü more than one purpose in starting to use this system. One of the first purposes reduce the money in cash circulation and to register on the system. In this way, it makes monetary policy applications easier and achieves its other purpose. Using the system causes the information to be provided faster and to give healthy results. Thus, your payments, fast, safe and risk free the way you can. There is also a reduction in the costs involved in transactions.
Thanks to the system, relations with other markets are realized more easily. EFT system, BTOM (Interbank Clearing Houses Center), BKM (Interbank Card Center), Takasbank and Borsa İstanbul It enables the Central Bank to receive information and reconcile in real time from institutions such as This situation makes the control of the economic system more comfortable. Finally, it is among the aims to increase the electronic applications of banking.
How is EFT done?
In order to make your money aktarma, you should make sure that the information of the person you are sending is complete. If your information is missing, your money will not go away and will be stuck in the bank’s daily transaction pool. In this case, you can claim your money back or recipient information You can fix it. These transactions may take a while, so it is useful to check the accuracy of the account number or IBAN information you have.
Your EFT transaction from bank branches, web banking, from telephone banking or ATMYou can do. As you know when you want to make it from bank branches, you can go to the bank and carry out your transactions through the bank employee.
If you use the web banking system, you do not need to go to the bank and you can do your transactions yourself wherever you want. You can use ATMs as another option. From whichever bank you will send, you can go to the ATM of that bank and perform your EFT transaction in line with your account.
What are EFT Transaction Fees and Hours?
Costs for the EFT transaction vary depending on the bank and the size of the money. 3 TL to 50 TL There are fees varying between, you can get information from the bank you will use for this. However, it is common practice that you will hisse more EFT expenses in the transaction you will go to the branch. In web banking or using ATM transaction costs is lower. This is an application for customers to increase their use of this service.
The hours you can aktarma money are limited in EFT usage. When you use ATM or web banking for money aktarma, the ability to do it at any time is not valid for EFT. No matter where you do your transaction, working hours transmitted within. If you are going to do it from bank branches, you should hisse attention to the opening and closing hours of the bank.
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There is no time for transactions you will carry out from web banking or ATM. However, if the working hours have passed, the money is transferred to the other party, if the working hours have passed, it is made on the next working day and time. For this reason, if your EFT submissions are urgent, you should consider working hours.
