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What is the FAST system ?



FAST, which is a system that facilitates the work of those that are caught on time and day limits when transferring cash, allows transactions 24/7.

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

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

The FAST system is the system the place you’ll be able to switch cash between your accounts in numerous banks inside seconds, 7 days and 24 hours.

INSTANT TRANSFER OPERATION

This system, which can present immediate switch of your funds,

  • It is possible for you to to carry out your cash switch transactions 24/7
  • Your cost shall be accomplished in seconds
  • Customers shall be knowledgeable about the results of the transaction
  • Because of the Simple Addressing System (KOLAS), your cellphone quantity, e-mail handle or TCKN data might be matched together with your financial institution accounts.
  • Funds might be made between people and industrial enterprises with information matrix.

What is the FAST system #1

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