24/7 Easy Transfer (FAST)
You can make Easy Money Transfers from your Albaraka accounts to other banks 24/7, without IBAN. And no cost!
With FAST, you can send money 24/7 without any time limit, and with Easy Address Identification, you can match your account number and IBAN with your personal information such as your Turkish ID Number, mobile phone number and share the information you have matched with the person sending money instead of IBAN.
Click for detailed information about Easy Address Identification.
FAST (Instant and Continuous Transfer of Funds) Features
FAST (Instant and Continuous Transfer of Funds) is a system developed in cooperation with the Central Bank, which allows money transfers to be made within seconds without any time restrictions.
Money transfers can be made 24/7 with the Albaraka FAST system. (In the previously used EFT system, transactions were carried out during working hours on weekdays and working days)
IBAN is needed in the EFT system. Thanks to the Easy Address System integrated into the FAST system, you can make money transfer easier and simpler.
With the FAST system, you can use a transaction limit of TRY 100.000 at a time. At the same time, a daily transaction limit of up to TRY 300.000 is available for Individual customers and up to TRY 500.000 for Corporate customers.
How to Transfer Money with Albaraka FAST?
After logging into Albaraka Mobile, you can perform your transactions by following the Money Transfers-> FAST steps.
You can perform your transaction by logging into Albaraka Türk Internet Banking and following the Money Transfers -> FAST steps.
Frequently Asked Questions About FAST System
What is the FAST System?
FAST (Instant and Continuous Transfer of Funds) is a payment (money transfer) system developed by the Central Bank of the Republic of Turkey that allows money transfers between accounts in different banks 24 hours a day, 7 days a week.
Who Can Transfer Money Via FAST?
When Will Money Transfer With FAST be Available?
Can Payment Order Be Given With FAST?
Can Money Transfer Be Made To All Accounts With FAST?
Can Money Transfer Be Sent To Account Number Via FAST?
Is There Any Limitation on Money Transfer with FAST?
The limitation of the amounts to be made with FAST is determined by the Central Bank of the Republic of Turkey.
Can Foreign Currency Transfer be Made with FAST?
Can FAST be used for Money Transfer Between Accounts Registered in the Same Bank?
The FAST system can be used for money transfers between accounts in different banks.
Can Money Transfer Be Made With FAST Abroad?
No. Only money transfers between resident banks can be made.