How much is Capitec immediate payment?

Capitec’s immediate payment service enables customers to transfer funds to beneficiaries at other banks in real-time. This feature is particularly beneficial for those who need to send money quickly, whether it’s for emergencies, settling bills, or assisting family and friends.

Cost of Immediate Payments

As of February 2024, the fee for making an immediate payment through Capitec is R6.50 per transaction. This competitive rate ensures that users can send money without incurring hefty charges, making Capitec an attractive option for banking in South Africa.

Key Features of Immediate Payments:

  • Transaction Fee: R6.50 per transaction
  • Daily Limit: A maximum of R100,000 can be transferred daily using immediate payments.
  • Beneficiary Restrictions: Currently, immediate payments are not available for Capitec-registered beneficiaries. This means you can only send funds to beneficiaries at other banks.

How to Make Immediate Payments Using Capitec

Capitec offers two primary ways to make immediate payments: through the Capitec Mobile App and via Internet Banking. Here’s a step-by-step guide for each method:

Using the Capitec Mobile App

  1. Tap on “Transact.”
  2. Select “Payments.”
  3. Choose the beneficiary you want to pay.
  4. Enter the payment details (amount, reference, etc.).
  5. Select “Immediate payment.”
  6. Confirm the payment by entering your secret Remote PIN.

Using Internet Banking

  1. Log in to your Capitec Internet banking account.
  2. Go to the payments menu.
  3. Choose or create a beneficiary you wish to pay.
  4. Select “Pay the selected beneficiary.”
  5. Enter the payment details.
  6. Choose “Pay this amount immediately.”

Why Choose Capitec for Immediate Payments?

Capitec’s commitment to transparency in fees ensures that customers are always aware of what they are paying. Unlike many traditional banks, which often have complex fee structures, Capitec maintains a straightforward approach. Additionally, users benefit from:

  • Low fees: At just R6.50 per transaction, it’s a cost-effective option for urgent payments.
  • User-friendly interface: Both the mobile app and internet banking platforms are designed for ease of use, making it simple to execute immediate payments.
  • Secure transactions: Capitec employs robust security measures to protect customer data and funds.

Conclusion

Capitec’s immediate payment service is a valuable feature for anyone needing to send money quickly and efficiently. With a low transaction fee of R6.50 and a daily limit of R100,000, it stands out as a convenient and affordable option in South Africa’s banking landscape. Whether you’re using the app or internet banking, making an immediate payment is quick and easy.

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