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FAST
The Instant and Continuous Transfer of Funds (FAST) System lets customers send payment instructions 24/7 through bank systems, independent of EFT. This article explains what Easy Address is, how to register one and how transfers work.
FAST
Yes. For example, a mobile phone number linked to an account as an Easy Address can be updated to an email address. The Easy Address system uses the most recently changed information and automatically deletes the previous one.
FAST
You cannot define unlimited Easy Addresses. You can define at most 5 (for example, 2 phone numbers, 2 email addresses and 1 Turkish ID number), and each Easy Address can be linked to only one account.
FAST
With the Easy Address system, your email address has become more important. If an email address linked as an Easy Address is closed, the bank should be notified, the outdated definition deleted and current details registered again.
FAST
An Easy Address is defined through the channels of the bank holding the account. Likewise, an Easy Address can be cancelled and deleted through the channels of the bank where the account is held.
FAST
New banks are added to the Easy Address system every day. Here is the list of banks that supported the Easy Address System at the time, and where to find the current list.
FAST
To offer the Easy Address service, an institution needs approval from the Central Bank of the Republic of Türkiye (CBRT), documented eligibility to participate in FAST or EFT, and completed administrative and technical processes with BKM.
FAST
With the Easy Address system, your mobile phone number has become more important. If you cancel your number, notify your bank as soon as possible, delete the outdated definitions and register your current information again.
FAST
The Easy Addressing System (KOLAS) is one of the layered services of FAST, the Central Bank's instant funds transfer system, developed and operated by BKM. It lets users send money via phone number or email instead of an IBAN.
FAST
Yes. To change the account an Easy Address is linked to, log in through the other bank's channel and create a new Easy Address definition. From that moment on, the old definition at the previous bank becomes invalid.
FAST
The CBRT has raised the FAST transaction amount limits. As of 4 April 2024, the limit is 100 thousand TL for money transfers and 250 thousand TL for merchant payments made with the FAST-TR QR code.
FAST
The FAST system will bring significant convenience and speed to payments and money transfers. Here are its advantages for citizens and businesses, from Easy Address transfers to risk-based limits.