📌 Current information: This post describes the limit at the time it was published. For the current FAST transaction limit, see: FAST Transaction Limit Raised to TRY 300,000
Announcement graphic showing the FAST money transfer limit raised to TRY 20,000

The limit for FAST transactions, which enable interbank 24/7 instant money transfers, has been raised to TRY 20,000. Banks completed their configurations, and as of today (14.02.2023) money transfers started to be made under the TRY 20,000 limit.

You can find detailed information about the FAST system at the link below.

https://arifunal.com/yazi/fastfonlarin-anlik-ve-surekli-transferi-nedir/

So what are the differences between FAST and EFT?

You can read about the differences between FAST and EFT in our post at the link below.

https://arifunal.com/yazi/fast-ile-eftnin-farklari-nelerdir/

Impact of the limit increase

As limits rise, FAST becomes usable not only for small transfers but also for higher-value transactions such as rent, commercial payments and bills. This reduces the need for EFT.

High amounts require stronger authentication and fraud control. For this reason, banks may offer additional approval or delayed-transaction options for high-value FAST transactions.

The figure in this post is historical; the limit has been raised again in later periods. For the current value, refer to the CBRT's FAST page.