What is the FAST system

The Central Financial institution of the Republic of Turkey (CBRT) shared that it has accomplished the preparations to place a brand new fee system into service with an announcement revealed on its official web site.

The system described Immediate and Steady Switch of Funds (FAST) was named.

The FAST system is the system the place you possibly can switch cash between your accounts in several banks inside seconds, 7 days and 24 hours.


This system, which is able to present on the spot switch of your funds,

  • It is possible for you to to carry out your cash switch transactions 24/7

  • Your fee shall be accomplished in seconds

  • Customers shall be knowledgeable about the results of the transaction

  • Due to the Simple Addressing System (KOLAS), your cellphone quantity, e-mail deal with or TCKN data will be matched along with your financial institution accounts.

  • Funds will be made between people and industrial enterprises with information matrix.

#FAST #system

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