Quick answer: A standard EFT from Capitec to Standard Bank takes 1 to 2 business days. An immediate/instant payment takes a few minutes to 2 hours. PayShap transfers arrive within 10 seconds.
Table of Contents
- Standard EFT Transfer Times
- Instant/Immediate Payment
- PayShap (Fastest Option)
- Fees Comparison
- What Causes Delays
- How to Make the Transfer
- Weekend and Public Holiday Transfers
Standard EFT Transfer Time: Capitec to Standard Bank
A standard EFT (Electronic Funds Transfer) from Capitec to Standard Bank typically takes:
| When You Send | When It Arrives |
|---|---|
| Monday to Thursday (before 3pm) | Next business day by 8am |
| Monday to Thursday (after 3pm) | 2 business days |
| Friday (before 3pm) | Monday morning |
| Friday (after 3pm) | Monday afternoon or Tuesday |
| Saturday or Sunday | Monday or Tuesday |
| Public holiday | Next business day + 1 |
Standard EFTs are processed in batches by the South African Reserve Bank’s clearing system. This is why they do not arrive instantly.
Immediate/Instant Payment: Capitec to Standard Bank
Capitec offers immediate inter-bank payments that arrive at Standard Bank much faster than standard EFTs:
| Time of Day | Expected Arrival |
|---|---|
| Business hours (8am – 4pm) | Within minutes to 2 hours |
| After hours | Within 2 to 4 hours |
| Weekends | Within 2 to 4 hours (may take longer) |
Immediate payments cost more than standard EFTs but are significantly faster. The fee is typically around R12 to R20 per transaction.
PayShap: The Fastest Way to Transfer
Both Capitec and Standard Bank support PayShap, South Africa’s real-time payment system. PayShap transfers arrive in the recipient’s account within 10 seconds, 24 hours a day, 7 days a week, including weekends and public holidays.
How to Use PayShap from Capitec to Standard Bank
- Open the Capitec Banking App
- Tap Transact
- Select PayShap
- Enter the recipient’s PayShap ID (usually their cellphone number)
- Enter the amount (limit is currently R3,000 per transaction)
- Confirm the payment
PayShap fees: Typically R3 to R5 per transaction, making it both the fastest and often the cheapest option for smaller amounts.
Fees Comparison: Capitec to Standard Bank
| Method | Speed | Approximate Fee | Limit |
|---|---|---|---|
| Standard EFT | 1-2 business days | R7 – R12 | Up to daily limit |
| Immediate Payment | Minutes to hours | R12 – R20 | Up to daily limit |
| PayShap | 10 seconds | R3 – R5 | R3,000 per transaction |
For amounts under R3,000, PayShap is usually the best option because it is the fastest and cheapest.
What Causes Delays
- Incorrect account details: Wrong account number or branch code will cause the payment to bounce back. Standard Bank’s universal branch code is 051001
- Weekend and public holidays: Standard EFTs are not processed on non-business days
- Bank system maintenance: Both Capitec and Standard Bank occasionally have scheduled downtime
- Large amounts: Payments above certain thresholds may require additional verification
- First-time beneficiary: The first payment to a new beneficiary may take longer for security checks
How to Transfer from Capitec to Standard Bank
Via Capitec App
- Open the Capitec app and log in
- Tap Transact > Pay
- Add Standard Bank as a beneficiary (if not already saved)
- Enter: Bank name (Standard Bank), Branch code (051001), Account number, Account type
- Enter the amount
- Choose Standard or Immediate payment
- Confirm with your app PIN or biometrics
Weekend and Public Holiday Transfers
Standard EFTs sent on weekends or public holidays are queued and processed on the next business day. If you need the money to arrive during a weekend, use PayShap (instant, 24/7) or an immediate payment (faster, but may still have some delay on weekends).
Disclaimer: Transfer times and fees may vary. Always verify current details with Capitec. CodeCash.co.za is not affiliated with Capitec Bank or Standard Bank.