How to send money to any bank account in South Africa

You can send money via EFT from your SOLmate app to any bank account in South Africa from your app:

  • Go to the Services menu of the app
  • Tap “EFT transactions”
  • Enter the amount you wish to transfer and press Next
  • Choose the bank, account number, branch number, and add a reference/note which will appear on the beneficiary’s statement.
  • Turn on the RTC* (real time clearing) option if you need the funds to clear instantly.
  • Confirm the withdrawal transaction

The payment will be executed immediately. Note that bank transfers are not instant, and may take up to 2-3 business days to reach the beneficiary bank account.

Note the RTC incurs higher fees than a normal EFT. With the RTC option turned on, the payment will be received within 60 minutes if it is sent before 15:00, and the next business day morning if it is sent after 15:00.