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No more waiting for money transfers within Turkey


No more waiting for a processing time for a money transfer (EFT) between different banks. The Central Bank of the Republic of Turkey (CBRT) announced that it has completed its preparations to open a new payment system. This new system called “FAST” emphasized that citizens can transfer funds between accounts at different banks within seconds, 7 days a week, 24 hours a day. This removes the 17.00 hour limit for money transfers (EFT) between accounts at different banks and the 24/7 money transfer period begins.