Announcement by Central Bank of Turkey: “Changes in FAST transaction limits”

FAST transaction amount limits will be increased to 100,000 TL for money transfers and 250,000 TL for merchant payments as of April 4th. The Central Bank of the Republic of Turkey (CBRT) announced that the transaction amount limits of the Instant and Continuous Transfer of Funds (FAST) system had been increased. Accordingly, as of April 4, 2024, the FAST transaction amount limits will be increased to 100,000 TL for money transfers, and 250,000 TL for merchant payments made using FAST-TR QR code.

The statement from CBRT said:

“The next-generation instant payment system FAST (Instant and Continuous Transfer of Funds), with its innovative approach and layered services in the payment area, enables secure, fast, and easy payments at any time of the day and is rapidly becoming widespread as an alternative method to cash and card payments in shopping transactions.

As announced to FAST participants in December 2023; considering the interest shown by users in the FAST system and the dynamic requirements of the payment ecosystem, as of April 4, 2024, the FAST transaction amount limits will be increased from 50,000 TL to 100,000 TL for money transfers, and from 100,000 TL to 250,000 TL for merchant payments with dynamic authentication using FAST-TR QR code.”