The FAST limit, which was previously decided on 4 August 2021 to be raised to 2,000 TL, has been raised to 2,000 TL as of today.
As a result, according to information from the CBRT, the average of 2 million instant payments made daily in the system, which was opened for use as of 8 January 2021, and the 11.3 million users registered with the Easy Addressing System to initiate payments are expected to grow further, while the number and volume of EFT transactions are expected to decline.
You can read my earlier post on the difference between FAST and EFT at the link below:
https://arifunal.com/yazi/fast-ile-eftnin-farklari-nelerdir/
The logic behind the limit increases
Raising the limit gradually in FAST's early days was a transition strategy based on the readiness of the system and the banks. As the number of users and transaction volume grew, the limits were expanded.
The figure in this post belongs to that date. The limit in effect today is far above this value; for exact information, check your bank's app or the Central Bank's FAST page.
Users should also pay attention to the daily limits set by their own banks.
