Last Updated on September 21, 2023 by ufiling
The processing time for an Electronic Funds Transfer (EFT) payment to the South African Revenue Service (SARS) can vary depending on several factors. While I don’t have access to real-time information, I can provide you with some general guidelines based on the usual timelines.
Typically, once you initiate an EFT payment to SARS, it takes around 24 to 48 hours for the funds to reflect in SARS’ bank account. This time frame allows for the payment to be processed by your bank, transferred through the banking system, and credited to SARS’ account.
However, it’s important to note that the exact timing can be influenced by various factors, including:
- Banking institution: Different banks may have slightly different processing times for EFT payments. It’s advisable to consult with your bank for specific details regarding their processing times.
- Weekends and public holidays: If you initiate the EFT payment during weekends or public holidays, the processing time may be longer. Banks and financial institutions typically do not process transactions on non-working days.
- Correct payment information: It’s crucial to ensure that you provide the correct payment reference number and other necessary details when making the payment. Providing accurate information helps expedite the processing and reconciliation of your payment.
If you have made an EFT payment to SARS and it hasn’t reflected within a reasonable time frame, it’s recommended to contact SARS directly or your bank’s customer support for further assistance. They will be able to provide you with more specific information and help resolve any issues related to your payment.
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