Introduction

The EFT Credit service is a versatile solution designed to cater to businesses of all types. It offers a seamless and expedited process for handling a wide range of financial transactions, including salary disbursements, account payments, and debit orders.

The EFT Credit facilities provide businesses with different processing options to suit their specific requirements:

Instrument	Description
Same Day (SDV)	This option ensures that payments are processed and settled on the same day they are initiated. It allows for immediate fund transfers, enabling businesses to swiftly fulfil their financial obligations.
One Day	With the One Day facility, payments are processed within a single business day. This expedited processing ensures efficient and timely transactions, facilitating smoother financial operations.
Two Day	The Two Day facility offers businesses a reliable and effective means to process payments within two business days. It provides a reasonable timeframe for transactions, balancing efficiency with flexibility.

By utilising these EFT Credit facilities, businesses can streamline their payout operations and meet the diverse needs of their customers and partners. The swift and efficient processing options empower businesses to promptly handle financial transactions, enhancing operational efficiency and customer experience.

Service limitations

EFT Credits can be processed against various accounts, including current accounts, savings accounts, and transmission accounts.

However, it is important to note that transactions equal to or greater than R5m (five million South African Rand) will not be allowed and will be returned with the reason "exceeds industry imposed limits." Such high-value transactions should be routed through the real-time line instead of being processed by the Merchant. This ensures adherence to the established limits and facilitates appropriately handling these transactions.