FAST Limit Increased to 50 Thousand TL

The limit in the FAST (Instant and Continuous Transfer of Funds) System has been increased to 50 thousand TL. This system allows for the instantaneous transfer of money without the need to wait for any specific time period.

The upper limit of payments per transaction has been raised to 50 thousand TL, allowing for balances up to 50 thousand liras to be transferred via EFT to any person or institution at any time, 24 hours a day, 7 days a week.

Additionally, in dynamic verification merchant payments using the FAST-TR QR Code, transactions of up to 100 thousand TL can be made at once.

The Central Bank of the Republic of Turkey has stated that there is an upper limit to be applied per transaction in the FAST System. The system was put into operation on January 8, 2021, with the upper limit of payments set at 50 TL. This limit has now been gradually increased to 50,000 TL as of December 21, 2023. Furthermore, by using the FAST-TR QR Code, transactions of up to 100,000 TL can be made at once in merchant payments with dynamic verification.

 

This message was taken from this source and rewritten by artificial intelligence.