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Home > Economy News > FAST system crashes! Money transfers cannot be made

FAST system crashes! Money transfers cannot be made

The Interbank Instant Transfer (FAST) system crashed on the first business day of the week.

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Published: 15.01.2024 11:05 Updated: 15.01.2024 11:05
FAST system crashes! Money transfers cannot be made

Interbank Instant Transfer (FAST) transactions cannot be performed today due to an issue with the system.

The FAST system is a platform that enables the instant and continuous transfer of funds, and due to this disruption, customers of various banks are unable to complete their transactions.

Users attempting to transfer money via FAST are receiving the warning: "Due to infrastructure work on the FAST system, money transfers via FAST cannot be performed for a temporary period." However, no official statement has been made by the banks yet.

As no information has been provided regarding the details or the expected duration of the issue, users are currently waiting. It is expected that the banks will resolve the problem as soon as possible and inform their customers.



News Source: 12punto

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FAST system bank